Both countries have agreed to reduce their reciprocal tariffs significantly, but some duties remain in place.
The U.S. lowered its tariff rate on Chinese goods from 145% to 30%, while China reduced its rate on U.S. imports to 10%.
However, certain tariffs remain, including those tied to national security concerns and previous trade disputes.
The de minimis exemption for low-cost e-commerce shipments was not included in the deal, meaning small-value imports from China still face full tariffs.
This agreement is more of a temporary easing rather than a complete rollback, allowing both sides to continue negotiations while maintaining leverage.
Sources:
https://www.fox13news.com/news/us-china-trade-deal-tariffs-may-12-2025