New Trade Deal Between the U.S. and China

Updated November 7, 2025

On November 1, 2025, the White House released a Fact Sheet: President Donald J. Trump Strikes Deal on Economic and Trade Relations with China. The fact sheet details the newest agreement between the U.S. and China to de-escalate the on-going trade war.

Key Benefits for U.S. Importers

The deal provides U.S. importers of products originating from China tariff relief and stability for one year. Also, China is suspending new export controls on rare earths and will issue general licenses for exports of rare earths, gallium, germanium, antimony, and graphite.

IEEPA “Fentanyl” China Tariffs

• Effective November 10, 2025, the duty rate will be lowered from 20% to 10%.
• Includes products made in China and Hong Kong
• Additional HTSUS: 9903.01.24

Reciprocal Tariffs

• Remain suspended at 10% until November 10, 2026.
• Includes products made in China, Hong Kong, and Macau.
• Additional HTSUS: 9903.01.25

Section 301 China

Tariff exclusions will be extended from the current expiration date of November 29, 2025, until November 10, 2026.

Section 301 China Maritime

Section 301 Investigation on China’s Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance will be suspended for one-year, starting on November 10, 2025.

Key Benefits for U.S. Exporters

U.S. exporters can also look forward to changes that will allow U.S. products to be more competitive in China. Here are some key points from the fact sheet:

• China will suspend retaliatory tariffs and non-tariff countermeasures announced since March 4, 2025.
• China will purchase U.S. soybeans, sorghum and hardwood logs.
• China will remove of retaliation for the U.S. announcement of the Section 301 China Maritime investigation and remove sanctions imposed on various shipping entities.
• China will extend the expiration of its market-based tariff exclusion process for imports from the U.S. with exclusions remaining valid until December 31, 2026.
• China will terminate various investigations targeting U.S. companies in the semiconductor supply chain.

Additional Information

Fact Sheet: President Donald J. Trump Strikes Deal on Economic and Trade Relations with China – The White House

Modifying Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China – The White House

Modifying Reciprocal Tariff Rates Consistent with the Economic and Trade Arrangement Between the United States and the People’s Republic of China – The White House

Have Questions?

Our team is ready to help. Please contact your local NNR Representative