Tensions Recede: China Cuts US Goods Tariffs, Yet Soybean Duties Persist – A Deep Dive

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On Wednesday, November 5, 2025, the Chinese government unveiled a significant trade decision: all tariffs imposed on imports from the US will be shelved for one year. Concurrently, a 13% tariff will persist on soybean imports, as per Reuters. The Chinese Cabinet justified this move, noting the removal of a substantial 24% tariff rate on US goods for the ensuing year. This change was implemented back in April 2025, marking a shift in Sino-American trade dynamics. Effective November 10, 2025, China will unilaterally eliminate the 15% import duties on US agricultural products. However, in retaliation to what it views as…