Following the trade agreement reached between the U.S. and China
that was announced at the end of October, this week, the Trump
Administration took a number of measures to implement commitments
made in the agreement. In two Executive Orders, President Trump
lowered the IEEPA-based tariffs imposed on Chinese imports. In
Executive Order 14358, President Trump suspended the heightened
reciprocal tariffs on imports from China until November 10, 2026,
but maintained the baseline 10% reciprocal tariff through that
date. In Executive Order 14357, President Trump reduced the
fentanyl-related tariffs on imports from China from the current ad
valorem tariff rate of 20%, down to a rate of 10%, effective
November 10, 2025.