As of November 4, 2025, the total tariffs on Chinese goods vary, but recent developments have lowered them. A deal between the U.S. and China reduced the "fentanyl" tariff from 20% to10% and the U.S. is suspending the implementation of certain reciprocal tariffs on China, while extending others. However, China's average tariff on U.S. goods has been suspended for agricultural products.
U.S. tariffs on China
Tariff reduction: The U.S. has reduced the tariff on goods related to fentanyl production from 20% to 10%.
Tariff suspension: The U.S. has suspended the implementation of some "reciprocal tariffs" on China.
Tariff extension: The U.S. has extended certain exclusions for Section 301 tariffs until November 10, 2026.
China's tariffs on the U.S.
Tariff suspension: China has suspended its retaliatory tariffs on many U.S. agricultural products, including soybeans, chicken, pork and beef.
Note: The
total tariff rate varies by product, and some tariffs have been increased by
both the U.S. and China in response to previous actions.
The situation is fluid, and future tariffs may be implemented depending on the outcome of negotiations between the two countries.
As of November 4, 2025, the average U.S. tariff rate on goods from China is approximately 47%. This rate results from a combination of tariffs imposed during the first Trump administration and additional measures in 2025, with some recent reductions and suspensions implemented as part of a trade truce.
Key elements of the current tariff situation:
Overall Average: The current average tariff burden on Chinese goods stands at about 47%.
Reciprocal Tariffs: The implementation of higher, country-specific "reciprocal" tariffs (which had reached as high as 145% to 164% earlier in 2025) has been delayed and is paused at a baseline of 10% until November 10, 2026, as part of a recent trade deal.
Fentanyl-Related Tariffs: A specific tariff on goods related to the production of fentanyl was reduced from 20% to 10%, effective November 10, 2025, in exchange for China's commitment to curb fentanyl flows.
Section 301 and Other Tariffs: Existing Section 301 tariffs from the first Trump term remain in effect, and certain product exclusions have been extended until November 10, 2026. Other global tariffs on specific goods like steel (50%) and aluminum (50%) also apply to Chinese imports.
De Minimis Exemption: The duty-free de minimis treatment for low-value shipments (under $800) from China (and all countries as of August 29, 2025) has been revoked, meaning all shipments are subject to applicable duties.
Suspended Actions: A previously threatened additional 100% tariff on Chinese imports, which was set to take effect on November 1, 2025, has been halted due to the recent trade agreement. The U.S. also suspended actions related to the investigation into China's maritime and shipbuilding sectors for one year.
In return, China has committed to suspending its own retaliatory tariffs on U.S. goods, pausing rare-earth export controls, and increasing purchases of U.S. agricultural products like soybeans.
Comments
Both Xi and Trump understand that it will take a while to reshore manufacturing to the US. Xi needs time to secure Export Customers and Trump needs time to Reshore manufacturing to the US. The deal in place for November 2025 will be revisited in 2026 and beyond. At this point Trump has solved his Soybean and Rare Earth Problems and Xi has solved his 100% Tariff Problem.
Norb Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment