 Fact Sheet: President Donald J. Trump Strikes Deal on Economic and Trade Relations with China |
Source |
American Shipper |
Post Date |
11/01/2025 |
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REBALANCING TRADE WITH CHINA: This week in the Republic of Korea, President Donald J. Trump reached a trade and economic deal with President Xi Jinping of China? massive victory that safeguards U.S. economic strength and national security while putting American workers, farmers, and families first.
AMERICAN ACTIONS:
?The United States will lower the tariffs on Chinese imports imposed to curb fentanyl flows by removing 10 percentage points of the cumulative rate, effective November 10, 2025, and will maintain its suspension of heightened reciprocal tariffs on Chinese imports until November 10,2026. (The current 10% reciprocal tariff will remain in effect during this suspension period.)
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?The United States will further ext the expiration of certain Section 301 tariff exclusions, currently due to expire on November 29, 2025, until November 10, 2026.
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?The United States will susp for one year, starting on November 10, 2025, implementation of the responsive actions taken pursuant to the Section 301 investigation on China? Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance. In the meantime, the United States will negotiate with China pursuant to Section 301 while continuing its historic cooperation with the Republic of Korea and Japan on revitalizing American shipbuilding.
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