U.S.–China Relations

The U.S. has extended its tariff truce with China until November 10, 2025, capping reciprocal tariffs at 30% on Chinese goods (plus 10% baseline)—preventing potential spikes to 145%.  Overall, most Asian partners face tariffs in the 15–20% range, with elevated transshipment levies at around 40%, depending on country-specific arrangements.

U.S.–Japan Tariff Relief Begins by Mid-September

The U.S. will reduce tariffs on Japanese goods—including automobiles and auto parts—to 15%, effective by September 16, 2025, under a trade agreement formalized in July.  That agreement includes a $550 billion Japanese investment and loan package targeting U.S. industries.  Japan’s Prime Minister praised the reduction—down from 25%—as a success and emphasized diplomatic and investment cooperation.