China and the United States have agreed to suspend tariffs.

The State Council Customs Tariff Commission issued two announcements on the 5th, adjusting the tariff measures imposed on imports originating from the United States and suspending the implementation of additional tariffs on certain U.S.-origin imports. To implement the outcomes and consensus reached in China-U.S. economic and trade consultations, and with the approval of the State Council, the State Council Customs Tariff Commission announced that, effective 1:01 PM on November 10, 2025, adjust the additional tariff measures stipulated in the “Announcement of the Customs Tariff Commission of the State Council on Imposing Additional Tariffs on Imported Goods Originating in the United States” (Announcement No. 4 of the Customs Tariff Commission in 2025). The 24% additional tariff rate on U.S. imports will remain suspended for one year, while the 10% additional tariff rate on U.S. imports will be retained. Simultaneously, effective November 10, 2025, at 13:01, the additional tariff measures stipulated in the “Announcement of the Customs Tariff Commission of the State Council on Imposing Additional Tariffs on Certain Imported Goods Originating in the United States” (Announcement No. 2 of 2025) shall cease to be implemented.

On the U.S. side, the American government formally announced a series of adjustments to its trade policies toward China on the White House website on November 1, covering multiple areas including tariffs and export controls. On November 4, 2025, Eastern Time, President Trump formally signed two executive orders: Extending the suspension period for certain “reciprocal tariffs.” For goods cleared after midnight on November 10, 2025, the U.S. will reduce the so-called “fentanyl-related” tariffs imposed on Chinese imports. The previously imposed 20% tariff will be lowered by 10 percentage points to 10%.

The suspension of higher reciprocal tariffs on Chinese imports, originally set to expire on November 10, 2025, has been extended to November 10, 2026. During this extended suspension period, the current 10% reciprocal tariff will remain in effect.

The United States has further extended the validity period of certain Section 301 tariff exemptions. Some exemptions, which were set to expire on November 29, 2025, have now been extended to November 10, 2026, aligning with the expiration date of the retaliatory tariffs. The exemption list covers 178 Harmonized Tariff Schedule of the United States (HTSUS) tariff lines, encompassing a broad range of products including children's goods, mechanical components, chemical materials, electronic components, medical supplies, solar manufacturing equipment, and silicon wafer manufacturing equipment.

Effective November 10, 2025, the United States will suspend for one year the implementation of the interim final rule titled “Expanding End-User Controls to Cover Affiliates of Certain Listed Entities,” commonly known as the 50% penetration rule for export controls.

Effective November 10, 2025, the United States will suspend port call fees imposed on Chinese vessels for one year. Concurrently, China will also suspend corresponding countermeasures for one year.