Just now!China and the United States reached a consensus in negotiations!Cancel the 10% "fe
- Author:weiyun.com
- Source:weiyun.com
- Release Date:2025-10-31
Recently, the economic and trade teams of China and the United States held consultations in Kuala Lumpur and reached a number of consensuses on resolving economic and trade issues of concern to both sides.The heads of state of China and the United States just held a meeting in Busan, South Korea, where they had an in-depth discussion on Sino-US economic and trade relations and other issues, and agreed to strengthen cooperation in economic and trade and other fields.
This Sino-US economic and trade consultation in Kuala Lumpur is an important attempt by the two countries to seek win-win cooperation in the complex international economic and trade environment.By suspending some tariffs and investigation measures, both parties have created a relatively stable expected environment for businesses and markets.
On October 30, the spokesperson of the Ministry of Commerce answered reporters’ questions on the joint arrangements for China-US Kuala Lumpur economic and trade consultations.The United States will cancel the 10% so-called "fentanyl tariff" imposed on China and continue to suspend the 24% reciprocal tariff for one year.China and the United States will mutually suspend port fees for one year.
In addition, the two sides also reached consensus in areas such as fentanyl anti-drug cooperation and expanding agricultural trade.These achievements are seen as an important manifestation of China and the United States adhering to the spirit of equality, respect and reciprocity and resolving differences through dialogue.
Main results of China-US economic and trade consultations:
Tariff adjustment
US measures:
The 10% so-called "fentanyl tariff" imposed on Chinese goods (including Hong Kong and Macao goods) will be cancelled, and the 24% reciprocal tariff will be suspended for one year.
Chinese measures: Adjust countermeasures against the above-mentioned US tariffs accordingly.Shared Commitment: Both sides agree to continue to extend some tariff exclusion measures.
Export control
Export control
The United States has promised to suspend the implementation of the 50% penetration rule on export controls announced on September 29 for one year.China’s response: Suspend the implementation of relevant export control and other measures announced on October 9 for one year, and will study and refine specific plans.
Port fee collection
Port fee collection
U.S. Action: Suspend the implementation of Section 301 investigations into China’s maritime, logistics and shipbuilding industries for one year.
China’s response: After the United States suspends the implementation of relevant measures, China will correspondingly suspend the implementation of countermeasures against the United States for one year.
This Sino-US economic and trade consultation in Kuala Lumpur is an important attempt by the two countries to seek win-win cooperation in the complex international economic and trade environment.By suspending some tariffs and investigation measures, both parties have created a relatively stable expected environment for businesses and markets.
Especially in the context of the current sluggish global economic recovery, as the world's top two economies, the stability of China and the United States' economic and trade relations is crucial to global supply chains and market confidence.The results of the consultations reflect the pragmatic attitude of both parties in solving problems, especially in making concessions based on the principle of mutual reciprocity.
Overall, the results of Sino-US consultations will inject more certainty into Sino-US relations and lay the foundation for broader cooperation in the future.Implementing the results of this consultation will be the key to the next stage, which requires the economic and trade teams of both sides to maintain close communication to ensure that various commitments are effectively implemented....