PANews reported on May 14 that Xinhua News Agency reporters learned from the Ministry of Commerce that according to the "Executive Order on Modifying Reciprocal Tariff Rates to Reflect Talks with the People's Republic of China" issued by the White House on May 12, the United States has revoked a total of 91% of tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) pursuant to Executive Order No. 14259 of April 8, 2025 and Executive Order No. 14266 of April 9, 2025 at 00:01 am Eastern Time on May 14, and modified the 34% reciprocal tariff measures imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) pursuant to Executive Order No. 14257 of April 2, 2025, of which 24% of the tariffs will be suspended for 90 days, and the remaining 10% of the tariffs will be retained. At the same time, the United States also lowered or canceled the additional tariffs on small-value parcels from China (including small-value parcels from the Hong Kong Special Administrative Region), reduced the ad valorem tax rate for international mail from 120% to 54%, and canceled the measure originally scheduled to increase the specific tax from US$100 per piece to US$200 per piece from June 1, 2025.