China will continue to suspend 24 percentage points of the additional ad valorem duty on U.S. goods for 90 days from yesterday, while retaining a 10% tariff, according to a joint statement issued by the two countries. The U.S. will likewise suspend 24 percentage points of the additional ad valorem duty on Chinese goods for the same 90‑day period, while maintaining a 10% tariff. China will also remove or suspend certain non‑tariff countermeasures against the United States for another 90 days |