Overview
- The fentanyl-related levy was reduced from 20% to 10% under an Oct. 30 U.S.-China summit agreement in South Korea.
- Trump said on Oct. 31 he will remove the remaining 10% once U.S. authorities confirm China is implementing concrete steps to curb fentanyl inflows.
- He said Washington offered strong incentives for prevention and eradication efforts and assessed that Beijing is treating the issue seriously.
- The United States maintains 34% in reciprocal tariffs on China, with 24% previously suspended until Nov. 10 now extended for a year.
- Full abolition of the fentanyl-related duty would further ease trade friction, contingent on verified enforcement.