Please see the White House Fact Sheet detailing the agreement between President Trump and the President of China. The main points of interest are:
- The fentanyl tariff rate will go from 20% to 10% on November 10, 2025.
- The reciprocal tariff rate will stay at 10%.
- USTR will further extend the Section 301 tariff exclusions that were due to expire on November 29, 2025. The exclusions will now expire November 10, 2026.
Below are the details highlighted from the Office of the U.S. Trade Representative.
This week, President Donald J. Trump reached a trade and economic deal with President Xi Jinping of China — a massive victory that safeguards U.S. economic strength and national security while putting American workers, farmers, and families first.
For more details on this deal, please see the linked White House Fact Sheet.
This historic agreement includes Chinese commitments to:
- Halt the flow of precursors used to make fentanyl into the United States.
- Effectively eliminate China’s current and proposed export controls on rare earth elements and other critical minerals.
- End Chinese retaliation against U.S. semiconductor manufacturers and other major U.S. companies.
- Open China’s market to U.S. soybeans and other agricultural exports.
If you have any questions, please contact our office.