Overview

• The U.S. has reduced tariffs on Chinese goods from 145% to 30%, while China lowered its tariffs on U.S. imports from 125% to 10%.
• A new 'de minimis' tariff applies to shipments under $800, with rates set at 54% for some Chinese goods and 30% for others.
• Both nations committed to aggressive actions to curb the flow of fentanyl precursors from China to North America.
• The truce is a temporary de-escalation, as fundamental tensions over technology and economic competition remain unresolved.
• The 90-day pause is being used by both sides to explore supply-chain diversification ahead of potential tariff re-escalations.