News

President Trump signed an executive order that keeps the 10% additional International Emergency Economic Powers Act tariff rate on China until Nov. 10 while negotiations continue.

The background: On March 5, IEEPA Fentanyl tariffs of 20% went into effect on goods from China. An additional IEEPA Reciprocal tariff rate of 10% was imposed on goods from China on April 9, which quickly escalated to 125% as China retaliated and the U.S responded in tit-for-tat announcements.

• In mid-May, the U.S. agreed to reduce its additional IEEPA Reciprocal tariff rate on China to 10% from 125%. China also reduced its retaliatory rate to 10%.

Other tariffs: The U.S. will retain all tariffs imposed on China prior to April 2, including Section 301 tariffs, Section 232 tariffs, IEEPA Fentanyl tariffs and Most Favored Nation tariffs.

CBP Guidance: U. S. Customs and Border Protection has already issued guidance which can be accessed here.