中美首脑会晤及商务部最新讲话简析：中方将相应调整针对美方上述关税的反制措施

Report Core View - After five rounds of high - level trade consultations this year and the meeting between the Chinese and US heads of state, the two sides have withdrawn from the escalating trade frictions. The consensus reached is beneficial for the US to control inflation and for China's exports to the US to grow [2] Key Points from the Meeting and Consultations 1. Meeting between Chinese and US Heads of State - On the noon of October 30 local time, the Chinese President met with the US President in Busan, South Korea, lasting about 1 hour and 40 minutes. The Chinese side emphasized that the two countries' economic and trade teams exchanged in - depth views on important economic and trade issues and reached a consensus on solving problems. The two teams should refine and finalize follow - up work. The two heads of state agreed to strengthen cooperation in economic, trade, energy and other fields and promote people - to - people exchanges [1] 2. Results of the Consultations Tariff - related - The US will cancel the 10% so - called "fentanyl tariff" on Chinese goods (including those from Hong Kong and Macao Special Administrative Regions). The 24% reciprocal tariff on Chinese goods will be suspended for another year. China will adjust its counter - measures accordingly. Both sides agreed to extend some tariff exclusion measures [1] Export Control - The US will suspend the implementation of the 50% penetration rule for export controls announced on September 29 for one year. China will suspend the implementation of relevant export control measures announced on October 9 for one year and study and refine specific plans [1] Industry - related Investigation - The US will suspend the implementation of its Section 301 investigation measures against China's maritime, logistics and shipbuilding industries for one year. After the US suspends relevant measures, China will also suspend its counter - measures against the US for one year [2] Other Consensus - The two sides reached consensus on fentanyl anti - drug cooperation, expanding agricultural product trade, and handling individual cases of relevant enterprises. They further confirmed the results of the Madrid economic and trade consultations. The US made positive commitments in investment and other fields, and China will properly resolve the TikTok - related issue with the US [2]