Yuyuantan Sky: Which tariffs on China have the United States stopped collecting?

Yuanyuan Tan Tian stated that since February last year, the new tariffs imposed by the United States on China under the International Emergency Economic Powers Act (IEEPA) mainly consist of two parts. One is the so-called “Fentanyl tariffs,” currently at a 10% rate for China; the other is the so-called “reciprocal tariffs,” with a 10% rate currently enforced on China, while the remaining 24% rate is temporarily suspended. According to the U.S. executive order, these tariffs enacted under the IEEPA will “be terminated as soon as possible.” After the U.S. Supreme Court’s ruling, it also means that the administrative order issued by the U.S. to cancel IEEPA tariffs based on the Supreme Court decision applies equally to relevant parts of the China-U.S. tariff arrangements, and the IEEPA tariffs on China should be automatically canceled.

Familiar with international trade negotiations, Cui Fan stated that if the U.S. stops related measures or lowers the tariffs, China may evaluate and adjust accordingly based on actual changes; but if the U.S. continues to impose new tariffs using other legal tools, China will also assess whether to take corresponding measures.

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