China has ended the retaliatory tariffs it imposed on several US agricultural products after the United States reduced fentanyl-related levies on Chinese exports, according to a report by Bloomberg.
China’s Ministry of Finance confirmed in a notice on Wednesday (5 November 2025) that it will suspend all tariffs imposed on 4 March on soybeans, corn, wheat, sorghum and chicken from the US. The cancellation will take effect from Monday (10 November) at 1:01 p.m.
The decision comes hours after President Donald Trump signed executive orders to lower fentanyl-related tariffs on Chinese goods to 10 per cent from the same date.
The move forms part of a broader one-year pact between President Trump and Chinese President Xi Jinping aimed at stabilising relations between the world’s two largest economies. Both sides have been rolling back reciprocal tariff measures following last week’s summit in South Korea, which marked a shift toward renewed cooperation after months of trade tensions.
Chinese buyers, who had previously turned to South American suppliers amid escalating tariffs, have resumed purchases of US soybeans, a trade worth more than $12 billion last year.
“The halting of certain tariffs between China and the US aligns with the fundamental interests of both countries and their people,” China’s Ministry of Finance said in its notice. “It meets the expectations of the international community and will help push bilateral economic and trade relations to a higher level.”
The ministry also confirmed that a 24 per cent tariff on US products will be suspended for one year, mirroring the tariff reductions enacted by the White House.
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