US-China Agree One-Year Tariff Reduction Extension Through November 2026

Following months of escalating tariffs that peaked at 125% on each other's goods in April 2025, the US and China reached a series of agreements reducing bilateral tariffs. A May 2025 deal cut tariffs from 125% to 10%, extended twice with a one-year extension reached November 2025 through November 10, 2026. The US also reduced fentanyl-related tariffs on China from 20% to 10%, with China removing certain retaliatory tariffs.

• Bilateral tariffs reduced from 125% to 10% on most goods
• One-year extension through November 10, 2026
• Fentanyl-related tariffs reduced from 20% to 10%
• China removes select retaliatory tariffs on US goods