Resources about Tariffs and Trade Policies

This Fact Sheet outlines the following developments

• Trade Agreement with China: The United States and China reached an agreement to reduce tariffs, eliminate retaliation, and pave the way for future discussions on market access.
• Tariff Reduction: Both countries agreed to lower tariffs by 115% while retaining an additional 10% tariff.
• Chinese Actions: China will remove retaliatory tariffs and suspend or remove non-tariff countermeasures against the United States.
• China’s Tariff Adjustment: China will suspend its 34% tariff on the United States for 90 days but retain a 10% tariff.
• US Tariff Adjustment: The United States will remove additional tariffs imposed on China in April 2025 but retain pre-existing duties.
• US Tariff Rationale: The US maintains a 10% tariff to support domestic production, strengthen supply chains, and protect American workers.
• Trade Agreement Goal: Address trade imbalances and benefit American workers, farmers, and businesses.
• Fentanyl Crisis Action: Both countries will work to stop the flow of fentanyl and precursors from China to North America.