China And The United States Tariff Negotiations Effect

Main contents of tariff adjustment

According to the Sino-US Joint Statement of May 12, 2025, the United States promised to cancel the 91% tariff imposed on China goods according to Executive Order No.14259 of April 8, 2025 and Executive Order No.14266 of April 9, 2025. At the same time, the United States revised the 34% "reciprocal tariff" imposed on China goods by Executive Order No.14257 on April 2, 2025, in which 24% of the tariff was suspended for 90 days and the remaining 10% was retained. This means that the effective tariff imposed by the United States on China has dropped from the highest of 125% to the basic tariff level of 10%.

Latest trends and implementation time

In November, 2025, the US trade policy was further adjusted. White House official website announced that the 20% tariff originally increased on the grounds of controlling the inflow of special substances would be reduced to 10%, and the reciprocal tariff policy originally scheduled to expire on November 10, 2025 was suspended, and it was postponed for one year until November 10, 2026. In addition, the United States also extended the tariff exemption period to November 10, 2026, covering a large number of children's products, mechanical parts, chemical materials, medical equipment and other products.

Strategic considerations and impacts

He Wenping, a professor at China Academy of Social Sciences, pointed out that the one-year window period not only expressed the willingness to cooperate, but also reserved the space to adjust the strategy according to the changes in the situation. Jeffrey Sachs, a professor at Columbia University, believed that the tariff measures previously adopted by the United States did not achieve the expected goal, but instead isolated its own economy. The tariff adjustment met the expectations of producers and consumers of the two countries and helped stabilize Sino-US economic and trade relations.