Loading...
05 November 2025 / Brief
Email
Linkedin
Facebook
X
Copy LinkLast week’s trade talks and resulting one-year truce with China is key for several industries that have experienced steep drops in business activity. This year’s tariffs have resulted in a nearly 20% reduction in trade between the US and China, when comparing the first seven months of 2025 over 2024.
In the announced framework, China agreed to resume purchases of US soybeans and suspended for one-year restrictions on rare earth minerals announced earlier in October, while the US agreed to reduce tariffs, paused port fees on Chinese ships docking at US ports, and delayed export controls affecting certain Chinese companies. The President also announced he would lower the fentanyl-related tariffs on China from 20% to 10%, reducing the overall effective tariff rate on Chinese goods from 57% to 47%. Both sides also agreed to extend for a year a pause on imposing additional tariffs.
Why it matters: This deal will help stabilize the steep drop in trade experienced so far in 2025 between the two countries. US imports from China decreased 18% to $206 billion and exports to China decreased 20% to $68 billion when comparing 2025 d
myTCB® Members get exclusive access to webcasts, publications, data and analysis, plus discounts to events.
FOMC Decision: Do Three Dissents Mean a January Pause?
December 10, 2025
Fed December Decision: Not So Clear Cut
December 09, 2025
September Inflation Pause Bodes Well for Fed Cut
December 05, 2025
September Retail Sales Show Consumers Taking a Breather
November 25, 2025
Fed Signals It May Need to Pause
October 29, 2025
Fed Cut Amid Data Fog: What You Need to Know
October 28, 2025
Charts
The proliferation of easy-to-use generative AI requires that policymakers and business leaders each play an important role.
LEARN MORE
Charts
A hyperpolarized environment, diminished trust in our nation’s leaders.
LEARN MORE
IN THE NEWS
Denise Dahlhoff on How CEOs Are Talking About Tariffs—without Saying “Tarif…
May 21, 2025
IN THE NEWS
Erin McLaughlin on Tariff Policy
April 07, 2025
IN THE NEWS
Erin McLaughlin on Reshoring Factors
April 05, 2025
IN THE NEWS
Erin McLaughlin on US Reshoring
April 02, 2025
IN THE NEWS
Erin McLaughlin: How policy uncertainty may exacerbate infrastructure chall…
March 19, 2025
IN THE NEWS
Erin McLaughlin discusses the latest on tariff policy
March 14, 2025
