Modifying Reciprocal Tariff Rates To Reflect Discussions With the People's Republic of China
Executive Order 2025-09297
|Signed on May 13, 2025
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What it means
Temporarily reduces tariffs on Chinese imports from 34% to 10% for 90 days, following discussions between the US and China about trade reciprocity. The order also decreases duties on low-value imports from China from 120% to 54%.
Expected impact
- Creates a 90-day window for continued US-China trade negotiations
- Potential short-term relief for American businesses and consumers facing higher prices on Chinese goods
- Signals a possible de-escalation in trade tensions if negotiations progress, but maintains leverage through the temporary nature of the reduction
- Financial markets may respond positively to the cooling of trade tensions
- US importers might accelerate purchases during this 90-day period to take advantage of the lower tariff rates