China adjusts tariffs on imported goods originating from the United States and their impact.

Adjusting tariffs on the United States and Canada means that both sides have taken a series of measures in their economic and trade relations, aimed at reducing tariff levels and promoting bilateral economic and trade exchanges.

Specifically, according to the "Joint Statement of the China US Geneva Economic and Trade Talks" released on May 12, 2025, China and the United States have agreed to adjust their tariff measures against each other. Starting from 12:01 pm on May 14th, China will adjust the tariff rate on imported goods originating from the United States from 34% to 10%, and suspend the implementation of the 24% tariff rate for 90 days.In addition, China has also stopped implementing some tariff measures targeting the United States.

The specific impacts of this adjustment on China, the United States, and the global economy include:

1. Promote bilateral economic and trade exchanges: Lowering tariffs can help increase trade flows between the two countries, promote the free flow of goods and services, and thus drive economic growth and employment.

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2. Reduce business costs: For American companies, reducing tariffs on Chinese goods can lower their operating costs in the Chinese market and enhance their competitiveness; For Chinese companies, reducing tariffs on American goods can lower import costs and promote domestic production and consumption.

3. Global Economic Impact: As the two largest economies in the world, the improvement of economic and trade relations between China and the United States contributes to the stability and recovery of the global economy. Reducing trade barriers can promote the stability and efficiency improvement of the global supply chain.

In addition, this adjustment is also one of the easing measures for the previous trade war, reflecting the consensus and efforts of both sides in maintaining the multilateral trading system and international economic and trade order.