Ministry of Commerce spokesperson answers questions on recent U.S. tariff adjustment measures

CryptocurrencySniper · 2026-02-24T08:22:23+00:00

The Chinese side expresses concern over the U.S. stopping the imposition of tariffs on fentanyl and the additional import fees, reaffirming opposition to unilateral tariffs and calling on the U.S. to cease further increases. China will assess the U.S. measures, reserve the right to take countermeasures, and hopes to resolve differences through economic and trade consultations.

CryptocurrencySniper

2026-02-24 08:22:23

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Question: As of early morning on February 24, 2026, Eastern Time, U.S. Customs has ceased collecting tariffs under the International Emergency Economic Powers Act based on relevant U.S. announcements, and has imposed import surcharges on all trading partners pursuant to Section 122 of the Trade Act of 1974. What is China’s comment on this? Will China take corresponding measures?

Answer: We have taken note of the situation. In early April 2025, the U.S. imposed a 10% so-called fentanyl tariff and a 34% reciprocal tariff on Chinese goods under the International Emergency Economic Powers Act, of which 24% reciprocal tariff has been suspended, resulting in an actual tariff level of 20% on China. According to the ruling of the U.S. Supreme Court in the tariff litigation case and relevant administrative orders and notices from the U.S. government, the U.S. has ceased collecting the above tariffs, but has simultaneously imposed a 10% import surcharge under Section 122. China also notes that the U.S. has stated on multiple occasions that it will use investigations under Sections 301 and 232 to impose tariffs. China is closely monitoring and will conduct a comprehensive assessment of the U.S. measures, and will decide on appropriate countermeasures regarding the original fentanyl tariffs and reciprocal tariffs based on the situation. China reserves the right to take all necessary measures to firmly defend its legitimate rights and interests.

China has always opposed all forms of unilateral tariff measures and urges the U.S. to cancel and cease imposing such unilateral tariffs. Practice has repeatedly proven that mutual benefit results from cooperation, while confrontation harms both sides. China is willing to engage in frank consultations with the U.S. during the upcoming 6th round of China-U.S. economic and trade consultations. We hope the U.S. and China will work together to uphold the consensus reached by the two heads of state at the Busan summit and during the February 4 call, based on mutual respect and equal consultation, to address each other’s concerns, properly manage differences, and maintain the healthy, stable, and sustainable development of China-U.S. economic and trade relations.

(Source: Ministry of Commerce website)

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