PANews reported on November 5th that, according to an announcement from the Ministry of Finance, in order to implement the consensus reached in the China-US trade consultations, and based on the "Tariff Law of the People's Republic of China," the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as the basic principles of international law, and with the approval of the State Council, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Certain Imported Goods Originating in the United States" (Announcement No. 2 of 2025) will be suspended from 13:01 on November 10, 2025. From 13:01 on November 10, 2025, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Imported Goods Originating in the United States" (Announcement No. 4 of 2025) will be adjusted, with the 24% additional tariff rate on US goods remaining suspended for one year, while the 10% additional tariff rate on US goods will be retained.PANews reported on November 5th that, according to an announcement from the Ministry of Finance, in order to implement the consensus reached in the China-US trade consultations, and based on the "Tariff Law of the People's Republic of China," the "Customs Law of the People's Republic of China," the "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as the basic principles of international law, and with the approval of the State Council, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Certain Imported Goods Originating in the United States" (Announcement No. 2 of 2025) will be suspended from 13:01 on November 10, 2025. From 13:01 on November 10, 2025, the additional tariff measures stipulated in the "Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Imported Goods Originating in the United States" (Announcement No. 4 of 2025) will be adjusted, with the 24% additional tariff rate on US goods remaining suspended for one year, while the 10% additional tariff rate on US goods will be retained.