Anhui Youjiang Packaging Products Co., Ltd. jeannie@yjtape.net 86-13965049988
The Government of the People's Republic of China (" China ") and the Government of the United States of America (" the United States
Recognizing the significance of bilateral economic and trade relations to the economies of both countries and the world,
Recognize the importance of sustainable, long-term and mutually beneficial bilateral economic and trade relations
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In view of the recent discussions between the two sides, it is believed that continuous consultations will help resolve the issues between the two sides
Issues of concern in the field of economy and trade
In the spirit of mutual openness, continuous communication, cooperation and mutual respect, continue
Promote the relevant work;
Both sides commit to taking the following measures before May 14, 2025
The United States will (1) amend the provisions of Executive Order 14257 of April 2, 2025
For Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region)
The additional AD valorem duties, among which 24% of the duties will be suspended for the initial 90 days
At the same time, a remaining 10% tariff will be imposed on these goods in accordance with the provisions of the executive order
Tax (2) Abolish the administrative Order No. 14259 of April 8, 2025 and 2025
Executive Order No. 14266 of April 9 of the year imposed additional tariffs on these goods.
China will (1) accordingly amend the provisions of the Tax Commission's Announcement No. 4 of 2025
The AD valorem tariffs imposed on American goods, among which 24% of the tariffs are in the initial 90 days
The implementation within the country will be suspended, while the remaining 10% tariff on these goods will be retained and taken
Eliminate the additional tariffs on these goods in accordance with the Tax Commission's Announcements No. 5 and No. 6 of 2025
Tax (2) Take necessary measures to suspend or cancel injections starting from April 2, 2025
Non-tariff countermeasures against the United States.
After taking the above measures, the two sides will establish a mechanism to continue the economic and trade relations
Negotiation. The representative of the Chinese side is Vice Premier He Lifeng of The State Council, and the representative of the US side is the Ministry of Finance
Scott Bessent and Jamison Greer, the United States Trade Representative. Negotiation is available.
It will be conducted in China, the United States, or a third country agreed upon by both parties. As needed, both parties can
Carry out working-level consultations on relevant economic and trade issues.