During discussions in London and Stockholm, both nations confirmed suspending a 24% tariff for 90 days while maintaining a 10% tariff on select goods, adhering to the Geneva Joint Declaration.
According to PANews citing Jinshi Data and the Ministry of Commerce, following talks in London and Stockholm, the US and China agreed to suspend the 24% tariff for 90 days starting August 12, 2025 while retaining a 10% tariff, with the US modifying Executive Order No. 14257 and China adjusting its tariff measures per Tax Commission Announcement No. 4 of 2025.