Overview
- Beijing put the truce into effect by suspending selected reciprocal tariffs and the special port fees for a 12‑month period.
- China imposed immediate prior‑license requirements on exports to the United States, Mexico and Canada covering 13 chemicals, largely derivatives of piperidine used in synthetic opioid synthesis.
- Shipments of those substances to destinations outside North America do not require export licenses under the new rules.
- The United States moved to lower some duties tied to the deal, including a related rate cut from 20% to 10% and broader average tariffs reported down from about 57% to 47%.
- The package also resumes segments of agricultural trade and relaxes certain Chinese curbs on strategic materials, coinciding with Washington’s withdrawal of investigations into China’s maritime, logistics and shipbuilding sectors.