Details of the State Council Announcement
On the 5th, the Customs Tariff Commission of the State Council released two key notices adjusting the additional tariffs imposed on certain U.S.-origin imports. To implement the consensus reached in China-U.S. economic and trade consultations, and in accordance with the Customs Tariff Law, Customs Law, Foreign Trade Law and other relevant statutes as well as basic principles of international law, the Commission—approved by the State Council—has decided that, effective at 13:01 on 10 November 2025 and for a period of one year:

the additional 24% tariff rate on specified U.S. goods will remain suspended; only the 10% additional tariff rate will continue to apply;

the additional tariffs on certain other U.S.-origin imports will be terminated entirely.

Full text of the notices (link):https://gss.mof.gov.cn/gzdt/zhengcejiedu/

U.S. policy moves
On 1 November the White House posted a package of adjustments to China trade policy covering tariffs and export controls. At 00:01 a.m. ET on 4 November President Trump signed two executive orders: (i) cutting the so-called “fentanyl tariff” on Chinese goods and (ii) extending the pause on higher “reciprocal” duties.

Effective for entries cleared on or after 00:01 a.m. ET on 10 November 2025:

The 20 % “fentanyl” surcharge falls to 10 %; Trump said he is willing to drop the remaining 10 % if China keeps tightening fentanyl controls.

The pause on steeper reciprocal tariffs is prolonged from 10 November 2025 to 10 November 2026; the current 10 % reciprocal rate stays in force.

301 tariff exclusions on 178 HTSUS lines (children’s goods, machine parts, chemicals, electronics, medical items, solar- and wafer-making equipment, etc.) are rolled forward to 10 November 2026.

The 50 % “penetration rule” for export controls is suspended for one year.

The port-call fee on Chinese vessels is paused for one year; Beijing will simultaneously suspend its corresponding counter-measures for the same period.
Official notice: https://www.whitehouse.gov/news/

International take
The New York Times argues the trade war Trump launched may end with China holding the initiative and U.S. influence weakened. Analysts say both sides’ announcements point to an annual review cycle for any U.S.–China trade deal. While strategic rivalry remains, Beijing now has slightly more leverage and can keep the contest “intense but intact,” preserving bargaining power without major disruption and opening space for multilateral trade diplomacy.