US EditionChina confirms suspension of 24% tariff on US goods, retains 10% levy
- Effective Nov 10, China's State Council tariff commission said it will suspend its additional tariff on U.S. goods for one year while retaining a 10% levy, the Ministry of Finance said.
- The decision follows the consensus reached in the China‑US economic and trade consultations, as top economic leaders met several times in recent months to set the stage.
- China's Ministry of Finance said it will halt retaliatory tariffs on U.S. agricultural products including soybeans, corn, wheat, sorghum, and chicken starting Monday.
- The development supports the bullish case for risk assets, as easing trade tensions could remove a major source of uncertainty for the global economy and financial markets, with Bitcoin trading near the 50‑week simple moving average.
- In recent months, repeated rounds of talks set the stage for reciprocal moves as Washington formalised cuts to its additional tariffs on Chinese imports, after duties once reached prohibitive triple-digit levels.
78 Articles
78 Articles
Trump Reduces Fentanyl Tariff on China
President Trump reduced the fentanyl-related tariff on Chinese goods to 10%, down from 20%. The executive order, issued on November 4, says China has “committed to take significant measures to end the flow of fentanyl to the United States, including stopping the shipment of certain designated chemicals to North America and strictly controlling exports of certain other chemicals to all destinations in the world.” In a separate order, President Tr…
U.S-China Tariff War Eases After Trump Meets with Xi Jinping
President Donald Trump has moved to cut U.S. fentanyl-related tariffs on Chinese goods in half, following last month’s in-person meeting with China's leader Xi Jinping in South Korea. The post U.S-China Tariff War Eases After Trump Meets with Xi Jinping appeared first on Slay News.
Trump Cuts Tariffs on China in Exchange for Fentanyl Crackdown.
PULSE POINTSWHAT HAPPENED: President Donald J. Trump issued an executive order reducing tariffs on Chinese goods from 20 percent to 10 percent following commitments from China to address the synthetic opioid crisis.WHO WAS INVOLVED: President Donald J. Trump, the Chinese Communist Party (CCP), and the U.S. Department of Homeland Security (DHS).WHEN & WHERE: The executive order was signed in November 2025,at the White House, with tariff reduction…
Markets continue to watch trade developments with China
“China says they will lower their retaliatory tariffs from 24% to 10% for one year starting Nov. 10; however, soybeans will still have a 13% tariff,” Kevin Stockard, with CHS Hedging, said. “China has not confirmed the soybean purchase amounts…
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