China matches US in 90-day tariff suspension following Stockholm agreement

On August 11, China released the Joint Statement on the China-US Economic and Trade Meeting in Stockholm, announcing that it would extend by 90 days its suspension of higher tariffs on certain US goods. The move mirrors Washington’s decision to delay raising tariffs on Chinese products until November 9. This decision implements commitments made during recent China-US economic and trade consultations.

The Customs Tariff Commission of China’s State Council announced that it will adjust the additional tariffs on US goods specified in Announcement No. 4 of 2025 by suspending 24 percentage points of the tariff rate for another 90 days, starting August 12, 2025, while maintaining the remaining additional ad valorem duty of 10 per cent.

The announcement coincided with the publication of the joint statement in Beijing. In it, China and the US referred to the Joint Statement on the China-US Economic and Trade Meeting in Geneva of May 12, 2025, as well as to follow-up meetings held in London on June 9–10 and in Stockholm on July 28–29, 2025.

Both sides reaffirmed the Geneva commitments and agreed to implement specific measures by August 12, 2025.

Under these terms, the US will continue to suspend 24 percentage points of the additional ad valorem tariff rate on Chinese goods — including products from Hong Kong and Macao — as specified in Executive Order 14257 of April 2, 2025, for another 90 days from August 12, 2025, while retaining the remaining 10 per cent rate.

Similarly, China will maintain the suspension of 24 percentage points of the additional tariff rate on US goods for the same period, while keeping the remaining 10 per cent in place. Beijing also committed to adopting or maintaining all necessary administrative measures to suspend or remove non-tariff countermeasures against the US, in line with the Geneva agreement.

By Tamilla Hasanova