China to Suspend 24% Additional Tariff on US Goods for One Year
Following bilateral economic discussions in Malaysia, both nations will implement synchronized tariff changes, signaling a coordinated effort to ease trade tensions by November 10, 2025.
Summary
On November 4–5, 2025, the US and China declared mutual tariff adjustments during economic talks in Kuala Lumpur. The United States will remove its 10% 'fentanyl tariff' by November 10, 2025, and extend a one-year pause on its 24% tariff. China will implement corresponding measures, including lifting certain additional tariffs on US imports for one year, while maintaining a 10% base tariff. These actions reflect coordinated policy shifts aimed at fostering stable bilateral trade relations.
Terms & Concepts
- Tariff: A tax imposed on imported or exported goods, used to regulate trade and revenue.
- China-U.S. economic and trade consultations: Formal negotiations between China and the United States aimed at resolving trade disputes and reaching mutual agreements on economic policies.