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China-US Imports/Tariff Cut
Beijing, China - May 13, 2025 (CCTV - No access Chinese mainland)
1. Various of screenshots showing statement, notice by Customs Tariff Commission of State Council on adjusting tariffs on U.S. imports
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
2. Various of Tian'anmen Rostrum, Chinese national flag, ornamental column
FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
3. Aerial shots of port scene, containers, trucks
FILE: Rizhao City, Shandong Province, east China - 2024 (CCTV - No access Chinese mainland)
4. Aerial shots of port scene, containers at port
Hainan Province, south China - Recent (CCTV - No access Chinese mainland)
5. Aerial shots of port scene, containers
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
6. Aerial shot of cityscape, traffic
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
7. Aerial shot of cityscape
FILE: Guangzhou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
8. Aerial shot of cityscape, river, bridge
FILE: Shanghai, China - Date Unknown (CGTN - No access Chinese mainland)
9. Various of entrance to Sam's Club, Walmart's members-only chain
10. Various of customers, goods
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
11. Various of port scene, Statue of Liberty
Los Angeles, USA - Recent (CCTV - No access Chinese mainland)
12. Various of scenes of Port of Los Angeles
China announced on Tuesday that it will reduce additional tariffs on U.S. imports from 34 percent to 10 percent for a 90-day period starting from 12:01 p.m. on Wednesday.
The decision implements the "important consensus" reached during high-level trade talks held last weekend in Switzerland between the world's two largest economies, the Customs Tariff Commission of the State Council said in an official statement.
The Commission emphasized that the adjustment, approved by the State Council, aligns with domestic laws including China's Tariff Law, Customs Law, and Foreign Trade Law, as well as fundamental principles of international law.
According to the announcement, the temporary tariff cut will suspend an additional 24 percent duty previously imposed on American goods under the Commission's 2025 Notice No. 4. At the same time, China will halt the implementation of other tariff measures previously outlined in Notices No. 5 and No. 6.
The substantial reductions in tariffs by China and the U.S. reflect the shared expectations of producers and consumers in both countries, a welcome step that is poised to benefit bilateral trade and the global economy, the statement said.
China-US Imports/Tariff Cut
Dateline : May 13, 2025/Recent/File
Location : China
Duration : 1'27
Beijing, China - May 13, 2025 (CCTV - No access Chinese mainland)
1. Various of screenshots showing statement, notice by Customs Tariff Commission of State Council on adjusting tariffs on U.S. imports
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
2. Various of Tian'anmen Rostrum, Chinese national flag, ornamental column
FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
3. Aerial shots of port scene, containers, trucks
FILE: Rizhao City, Shandong Province, east China - 2024 (CCTV - No access Chinese mainland)
4. Aerial shots of port scene, containers at port
Hainan Province, south China - Recent (CCTV - No access Chinese mainland)
5. Aerial shots of port scene, containers
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
6. Aerial shot of cityscape, traffic
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
7. Aerial shot of cityscape
FILE: Guangzhou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
8. Aerial shot of cityscape, river, bridge
FILE: Shanghai, China - Date Unknown (CGTN - No access Chinese mainland)
9. Various of entrance to Sam's Club, Walmart's members-only chain
10. Various of customers, goods
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
11. Various of port scene, Statue of Liberty
Los Angeles, USA - Recent (CCTV - No access Chinese mainland)
12. Various of scenes of Port of Los Angeles
China announced on Tuesday that it will reduce additional tariffs on U.S. imports from 34 percent to 10 percent for a 90-day period starting from 12:01 p.m. on Wednesday.
The decision implements the "important consensus" reached during high-level trade talks held last weekend in Switzerland between the world's two largest economies, the Customs Tariff Commission of the State Council said in an official statement.
The Commission emphasized that the adjustment, approved by the State Council, aligns with domestic laws including China's Tariff Law, Customs Law, and Foreign Trade Law, as well as fundamental principles of international law.
According to the announcement, the temporary tariff cut will suspend an additional 24 percent duty previously imposed on American goods under the Commission's 2025 Notice No. 4. At the same time, China will halt the implementation of other tariff measures previously outlined in Notices No. 5 and No. 6.
The substantial reductions in tariffs by China and the U.S. reflect the shared expectations of producers and consumers in both countries, a welcome step that is poised to benefit bilateral trade and the global economy, the statement said.
ID : 8428068
Published : 2025-05-13 23:00
Last Modified : 2025-05-15 10:27:51
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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