China's response to the US tariff adjustments: Conducting a comprehensive assessment and will decide in due course on adjustments to countermeasures regarding US tariffs on original fentanyl and reciprocal tariffs.

Q: 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 an import surcharge on all trading partners pursuant to Section 122 of the Trade Act of 1974. What is China’s comment on this? Will China take any corresponding measures?

A: We have noted the situation. In early April 2025, the U.S. imposed a 10% “fentanyl” tariff and a 34% equivalent tariff on Chinese goods under the International Emergency Economic Powers Act, of which 24% equivalent 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. Future actions will be decided and adjusted as appropriate 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 shown that mutual benefit results from cooperation, while confrontation harms both sides. China is willing to engage in frank discussions with the U.S. during the upcoming 6th round of China-U.S. economic and trade consultations. We hope that the U.S. and China will work together to uphold the consensus reached by the leaders 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

Risk Warning and Disclaimer

Markets are risky; investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Investment based on this is at their own risk.