China Suspends Tariffs on Some US Products Following Trump–Xi Meeting

China Suspends Tariffs on Some US Products Following Trump–Xi Meeting

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China said on Nov. 5 that it will suspend retaliatory tariffs on U.S. imports following a meeting between U.S. President Donald Trump and Chinese Communist Party (CCP) leader Xi Jinping in South Korea last week.

The tariff commission of China’s State Council said in a statement that it would suspend the 24 percent tariff imposed on U.S. goods in April for one year while keeping an additional 10 percent duty in place.

Beijing said the move follows “the consensus reached in the China–U.S. trade consultations” and is being implemented based on “the basic principles of international law.” The order will take effect on Nov. 10.

The CCP also said that it would suspend tariffs of up to 15 percent on certain U.S. agricultural imports starting on Nov. 10, although U.S. soybean imports will still be subject to a 13 percent tariff.

The suspension follows talks between the United States and Chinese leaders on the sidelines of the Asia-Pacific Economic Cooperation summit in South Korea on Oct. 30, which resulted in a series of trade deals with China.
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According to a White House fact sheet issued on Nov. 1, Beijing agreed to suspend the global implementation of its rare earth export controls, resume purchasing soybeans from American farmers, and help curb the flow of fentanyl and its precursors into the United States.

The CCP is also expected to end its retaliatory measures against U.S. semiconductor manufacturers and other major U.S. companies as part of the agreement, the White House stated.

In exchange, the United States will lower tariffs on Chinese imports by 10 percent starting on Nov. 10, bringing the overall tariff rate on Chinese imports to 47 percent.

The White House stated that Washington will maintain its “suspension of heightened reciprocal tariffs on Chinese imports” until Nov. 10, 2026. The United States will also reduce fentanyl-related tariffs on China from 20 percent to 10 percent starting on Nov. 10, according to a separate fact sheet.
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Trump said last month that he would impose an additional 100 percent tariff on Chinese imports and export controls on critical software—which were initially set to take effect on Nov. 1—in response to China’s expansion of rare earth export restrictions that barred overseas defense companies from accessing its critical metals. Those tariffs were rescinded before he met with Xi in South Korea.
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“I thought it was an amazing meeting,” Trump told reporters aboard Air Force One shortly after he departed Busan, South Korea, on Oct. 30. “It was a good meeting for two very large, powerful countries, and that’s the way we should get along.”

The United States and China had imposed tit-for-tat tariffs reaching triple digits on each other in April amid escalating tensions. Numerous pauses and readjustments from both sides subsequently opened the door for the recent negotiations.

Travis Gillmore, Catherine Yang, and Reuters contributed to this report.
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