hina Fentanyl Tariffs Reduced from 20% to 10%;

China Fentanyl Tariffs Reduced from 20% to 10%; China Built/Owned Ship Fees Paused; President Trump's Threatened 100% Tariff Off the Table

Overview ? We are monitoring the latest US-China developments closely to help you navigate import impacts. Here's a quick breakdown from yesterday's Trump-Xi summit in Busan, South Korea – good news for many of your shipments from China. Both Presidents plan to visit each other in their respective countries over the next 6 months. ? ?

Key Wins for Importers ? Tariff Reduction for China:  President Trump announced that the 20% Fentanyl tariff will be cut in half to 10% as a result of China's promise to intensify crackdown on precursor exports. President Trump's threatened 100% tariff "over and above" existing tariffs scheduled to go into effect on November 1 or earlier is now off the table.   Ship Port Fees Paused:  USTR Jamieson Greer confirmed that the fees on Chinese-built/owned vessels docking at US ports will be postponed pending further negotiation.   Rare Earth Delay:  China will hold off on new export licensing for rare earths for one year, stabilizing supply chains for the United States, particulary tech/auto parts.   China Resumes Soybean Purchases: China has already booked 12 million tons of soybeans and promises to purchase a minimum of 25 million tons per year from 2026 to 2028. ? ?

Effective Date Needs Confirmation ? President Trump informed reporters that the above agreements take effect immediately. However, we are still awaiting official word from US Customs as to when exactly the lowered Fentanyl rates will become effective.