On May 12, 2025, according to the joint statement of the China-Us Geneva Economic and Trade Talks, both China and the United States committed to lowering the mutual tariff rates. At the same time, China and the United States reduced the retaliatory tariffs imposed after April 2 by 91%.

The United States has adjusted the “equivalent tariff” rates imposed on Chinese goods exported to the US after April 2025. Among them, 91% have been cancelled, 10% have been retained, and 24% have been suspended for 90 days. In addition to the 20% tariff imposed by the United States on Chinese products exported to the US in February on the grounds of fentanyl issues, the cumulative tariff rate imposed by the US on Chinese goods exported to the US has now reached 30%. Therefore, starting from May 14th, the current additional tariff rate on textiles and garments imported by the United States from China is 30%. After the 90-day grace period ends, the cumulative additional tariff rate may rise to 54%.

China has adjusted the countermeasures to be implemented for goods imported from the United States after April 2025. Among them, 91% have been cancelled, 10% have been retained, and 24% have been suspended for 90 days. In addition, China imposed tariffs of 10% to 15% on some imported agricultural products from the United States in March (15% on imported US cotton). Currently, the cumulative tariff rate range for imported goods from the United States by China is 10% to 25%. Therefore, starting from May 14th, the current additional tariff rate on cotton imported from the United States by our country is 25%. After the 90-day grace period ends, the cumulative additional tariff rate may rise to 49%.