The Ministry of Commerce announced that the US will remove the 10% so-called "fentanyl tariff" imposed on Chinese goods (including goods from Hong Kong and Macao), and the 24% retaliatory tariff on Chinese goods (including goods from Hong Kong and Macao) will remain suspended for another year. China will adjust its countermeasures against the aforementioned US tariffs accordingly. Both sides agreed to extend certain tariff exclusions.
