An Executive Order, on November 4, 2025, modified reciprocal tariff rates between the United States and the People’s Republic of China. This action is taken under various authorities, including the International Emergency Economic Powers Act (IEEPA), to address a national emergency declared in Executive Order 14257 (April 2, 2025) concerning the large and persistent annual U.S. goods trade deficits.
Under the Kuala Lumpur Joint Arrangement, the United States committed to maintain the suspension of the heightened reciprocal tariffs on imports from the PRC until 12:01 a.m. eastern standard time on November 10, 2026.
In return, the PRC made several commitments:
- Postponing and effectively eliminating current and proposed coercive global export controls on rare earth elements and other critical minerals.
- Addressing Chinese retaliation against U.S. semiconductor manufacturers and other major companies in the semiconductor supply chain.
- Purchasing U.S. agricultural exports integral to the U.S. economy, including soybeans, sorghum, and logs.
- Suspending tariffs on a vast array of U.S. agricultural products until December 31, 2026.
- Extending the PRC’s market-based tariff exclusion process for U.S. imports until November 10, 2026.
The Trade is pending an official announcement and additional guidance from Customs and Border Protection on the implementation of the increased tariffs.
JSC will continue to monitor the situation and provide updates when available.
If you have any questions, please contact our Compliance Team or your JSC account supervisor.
