Listen to audio brief:

On May 12, 2025, the White House issued an order to modify tariff rates on imports from the People’s Republic of China. This decision is part of ongoing discussions aimed at addressing trade reciprocity issues. Effective May 14, 2025, a new 10 percent ad valorem duty will apply to certain imports from China, while a previously higher tariff rate will be temporarily suspended for 90 days.

Original: article