US China Tariff Agreement

On May 12, 2025, following trade discussions in Geneva, the U.S. and China announced a coordinated plan to begin de-escalating tariffs effective May 14. Both countries agreed to ease trade tensions and promote cooperation. Below is a clear breakdown of the tariff changes announced:

China's Tariff Changes:

• Remove all retaliatory tariffs imposed on U.S. goods since April 4, 2025.
• Suspend or remove all non-tariff countermeasures implemented since April 2, 2025.
• Suspend the 34% tariff announced on April 4 for 90 days.
• Maintain a 10% tariff during the 90-day suspension period.

U.S. Tariff Changes:

• Remove additional tariffs imposed on Chinese goods on April 8 and April 9, 2025.
• Retain all tariffs imposed prior to April 2, 2025, including:
  • Section 301 tariffs (intellectual property-related)
  • Section 232 tariffs (national security-related)
  • Tariffs tied to the fentanyl national emergency under the International Emergency Economic Powers Act
  • Most Favored Nation (MFN) duties
• Suspend the 34% tariff imposed on April 2 for 90 days.
• Maintain a 10% tariff during the 90-day suspension period to support domestic industry and labor.

No CSMS or Federal Register Notice has been released to date, so the application of these changes to in-transit or landed shipments remains unclear. To view the official fact sheet for the most current details until further regulatory guidance is issued, visit White House Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States