China and U.S. Agree to Further 90-Day Reduction in Additional Tariffs

The Trump Administration has published a joint statement with China, agreeing to a further 90-day reduction in additional ad valorem duty (tariff) rates by 24%, while retaining the remaining additional ad valorem rate of 10% (Chinese government release, statement). This follows the prior 90-day reduction agreed to in May 2025 while the two sides work to complete a trade deal. An executive or…
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