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【Tariff Policy】Latest U.S.-China Tariff Adjustments with Detailed Analysis

TIME：

2025-11-07

In implementation of multiple consensus outcomes from the U.S.-China economic and trade consultations in Kuala Lumpur, both sides have issued announcements detailing the latest adjustments to relevant trade measures.

On November 5, the Customs Tariff Commission of the State Council released two announcements: Starting from 13:01 on November 10, 2025, the additional tariffs imposed under the March 4 announcement (Commission Announcement 2025 No. 2) on certain U.S. imports will be terminated. Simultaneously, from 13:01 on November 10, 2025, the additional tariffs specified in Commission Announcement 2025 No. 4 will be adjusted, with the 24% additional tariff rate on U.S. goods suspended for one year, while the 10% additional tariff rate will remain in effect.

On November 1 and 4 local time, the White House officially published a series of adjustments to U.S. trade policies toward China, covering tariffs, export controls, and other areas. Effective from 00:01 on November 10, 2025, the U.S. will reduce the so-called "fentanyl-related" additional tariffs on Chinese imports from 20% to 10%. Additionally, the U.S. will suspend the 24% reciprocal tariffs, the export control "rule of penetration," and port Section 301 fees for one year, while extending certain Section 301 tariff exclusions until November 10, 2026.

Summary of Chinese Announcement

Starting 13:01, November 10, 2025, the current 10% reciprocal retaliatory tariff on U.S. goods will be maintained for one year. This means that from the original 34% reciprocal tariff, the 24% portion is suspended for one year, leaving only a 10% reciprocal tariff in effect during this period.
Termination of the second-round 10%-15% retaliatory "fentanyl-related" tariffs on U.S. goods imposed under Commission Announcement 2025 No. 2 dated March 4, effective from 13:01, November 10, 2025.
The Section 301 tariffs imposed during Trump’s first term and China’s retaliatory 301 tariffs remain unchanged and continue to be enforced. These talks only resulted in the suspension of the maritime Section 301 port fees that were scheduled to take effect from October 14.
The first-round 10%-15% retaliatory "fentanyl-related" tariffs imposed under Commission Announcement 2025 No. 1 dated February 4 will continue to be applied.

Original Announcement Links:

Summary of U.S. Announcement

On November 1 and 4 local time, the White House officially announced a series of adjustments to U.S. trade policies toward China, covering tariffs, export controls, and other areas.

Reduction of 10% in "Fentanyl-Related" Tariffs
For Chinese import goods cleared after 00:01 on November 10, 2025, the U.S. will reduce the so-called "fentanyl-related" tariffs by 10 percentage points, lowering the rate from 20% to 10%.
Suspension of 24% Reciprocal Tariffs for One Year
The higher reciprocal tariffs on imports from China (including Hong Kong and Macao SARs), originally set to expire on November 10, 2025, are now suspended until November 10, 2026. During this extended suspension period, the current 10% reciprocal tariff remains in effect.
Extension of Section 301 Tariff Exclusions
Certain Section 301 tariff exclusions, originally set to expire on November 29, 2025, are extended until November 10, 2026, aligning with the expiration date of the reciprocal tariffs. The exclusion list covers 178 HTSUS headings, including children’s products, pump components, chemical materials, electronic components, medical supplies, solar manufacturing equipment, silicon wafer manufacturing equipment, and wafer handling equipment.
Suspension of Specific Export Control Rules
Effective November 10, 2025, the U.S. will suspend for one year the interim final rule titled "Expansion of End-User Controls to Cover Certain Listed Entity Affiliates," also known as the 50% export control rule of penetration. This rule subjects subsidiaries more than 50% owned by entities on the Entity List to the same export controls.
Suspension of Port-Related Fees
Starting November 10, 2025, the U.S. will suspend for one year port fees levied on Chinese vessels. During this period, no docking fees will be imposed on Chinese-flagged and Chinese-built ships. However, the U.S. will continue negotiations with China under Section 301 of the Trade Act.

Source: This content is sourced from Zhejiang Trade Promotion. However, due to potential human or technical errors in the information source or from third parties, Jiaxin Energy does not guarantee the accuracy, suitability, or completeness of such information. Please contact us if any issues are identified.

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