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China, US to implement trade consensus reached in Kuala Lumpur consultations

Global Times

Moves help ease tensions and create room for further dialogue: expert

By GT staff reporters Published: Nov 05, 2025 11:32 PM

China and the US have successively adjusted multiple tariff and non-tariff measures, marking the gradual implementation of the consensus reached during China-US economic and trade consultations in Kuala Lumpur, Malaysia in October.

On Tuesday local time (or Wednesday morning Beijing time), the US President declared a reduction in tariffs linked to the so-called fentanyl-related imports from China, along with an extension of the pause on certain reciprocal duties on Chinese products. These changes, enacted through two executive orders, will take effect on November 10. The so-called "fentanyl-related tariff" will drop from 20 percent to 10 percent, and the temporary tariff truce has been extended for another year, lasting until November 10, 2026.

On Wednesday Beijing time, China announced that it will suspend additional tariffs on certain US imports starting at 1:01 pm on November 10 as part of efforts to implement the outcomes of the recent China-US economic and trade consultations, according to an official statement from the Customs Tariff Commission of the State Council.

The 24 percent additional tariff rate on US imports will remain suspended for one year, while the 10 percent additional tariff rate will be retained, according to the statement.

Moreover, the decision is to suspend the additional tariffs of 15 percent on imported chicken, wheat, corn, and cotton originating from the US, as well as the 10 percent additional tariffs on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.

The moves are in accordance with tariff laws, and the basic principles of international law, including the Customs Law of the People's Republic of China and the Foreign Trade Law of the People's Republic of China, and with the approval of the State Council, according to the statements from the commission.

Pragmatic, rational attitude

The joint adjustment of relevant tariffs and non-tariff measures by the two countries successively is a concrete demonstration of implementing the important consensus reached between the two sides, Huo Jianguo, vice chairman of the China Society for World Trade Organization Studies in Beijing, told the Global Times on Wednesday.

He Weiwen, a senior fellow at the Center for China and Globalization, also said the moves from both sides represent a positive step toward implementing the latest China-US trade consensus, which will help ease tensions and create room for further dialogue, while also giving businesses time to adjust and plan.

The approach of "the US taking the first step and China responding accordingly" shows China's response is reciprocal and measured, not a unilateral concession. Such rule-based interaction, He added, is constructive and helps guide China-US trade ties toward greater stability.

Also on Wednesday, China's Ministry of Commerce (MOFCOM) said in an official statement that China will adjust Unreliable Entity List measures on US companies to implement consensus reached at Kuala Lumpur talks.

Moreover, when asked about China's considerations with respect to export control lists, a MOFCOM spokesperson said on Wednesday that China has decided to lift the relevant measures against 15 US entities listed in Announcement No.13 starting from November 10, 2025, while the measures concerning the 16 US entities listed in Announcement No.21 will be suspended for one year.

More efforts needed

The latest consensus gives both sides valuable time and space to address complex issues through dialogue, while easing tariff burdens and improving trade expectations for businesses in both countries, Shi Xiaoli, a professor at the School of International Law, China University of Political Science and Law, told the Global Times on Wednesday.

Despite the consensus reached during the recent China-US economic and trade consultations, the risk of renewed trade tensions has not been eliminated, Shi said, indicating the importance for the implementation to be carried out based on the consensus reached on both sides.

According to the consensus reached by both sides, the future implementation of China-US consultation results will involve the US "50 percent penetration rule" and trade restriction measures related to maritime, logistics, and shipbuilding Section 301 investigations, as well as cooperation on fentanyl control and the expansion of agricultural trade, Huo said.

"Economic and trade relations are the ballast of China-US ties, fundamentally based on mutual benefit and win-win outcomes ... Trade frictions between the world's two largest economies are inevitable, but when handling economic and trade relations, it is important to consider the big picture, maintain calm and rationality, and focus on long-term interests - this approach not only benefits both sides but also promotes the security and stability of global supply chains, bringing greater certainty to global development," Huo said.

Bilateral agricultural trade has seen some fluctuations this year, the root cause lies in the US' unilateral tariff measures, said Li Chenggang, China international trade representative with the MOFCOM, stressing that if both sides uphold the principles of equality, mutual respect, and reciprocity, and engage in dialogue and cooperation, they can find ways to solve problems.

Li, also China's vice minister of commerce, made the remarks on Tuesday during a meeting with a delegation of US agricultural trade in Beijing, MOFCOM announced on Wednesday, reaffirmed that a sound China-US economic and trade relationship benefits not only both countries but also the world.