Summary:
The Administration is extending the suspension of heightened tariffs on Chinese imports until November 10, 2025, while keeping a 10% reciprocal tariff in place. The move is framed as enabling ongoing negotiations to address trade imbalances, unfair practices, market access, and national security alignment, with the stated goal of supporting American workers and strengthening supply chains.
Key Points:
- Suspension window: The pause on heightened tariffs (per Executive Order 14298) is continued through November 10, 2025; other U.S. tariff measures on China remain in force.
- 10% reciprocal tariff: Stays in effect as a “fair baseline” intended to encourage domestic production, bolster supply chains, and prevent undercutting American workers.
- Negotiation track: U.S. and China have held multiple rounds of talks on reciprocity, market access, and national security; discussions are described as constructive and cumulative.
- Policy rationale: Addresses a declared national emergency tied to persistent trade deficits and their impact on U.S. industry and the defense industrial base.
- Trade deficit context: Notes a $295.4B U.S. goods trade deficit with China in 2024, asserting it is declining on an annual basis under current policy direction.
Notable Quote:
- President Trump: “We’re getting along with China very well.”