The White House executive order said on Monday that the U.S. would cut the de minimis tariff on China shipments to 54 per cent from 120 per cent, with a minimum flat fee of $100 to remain starting from May 14.
The US-China deal does not include a de minimis exemption for e-commerce shipments.
Meanwhile, China announced that it has removed a ban on Boeing deliveries after the trade truce with the US.
China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday.
The United States is dropping the extra tariffs it imposed on China this year to 30% from 145%, while China is cutting them to 10% from 125%, leading to two rounds of fentanyl tariffs imposed in February and March.
Chinese products, ranging from electric vehicles, steel and aluminium, will also still face separate tariffs imposed over the past several years.
As part of its retaliation in April, China added rare earths to its controlled export list, opened an anti-dumping probe into chemical firm DuPont’s China business and blacklisted some U.S. defense and tech firms.
The wording of the agreement suggests those firms will be removed from the list, which bars trade and investment with China and the anti-dumping probe was shelved.
The U.S. and China will cut tariffs on imports from each other as the world’s two largest economies look to reach a broader deal on trade after months of tensions.
After a single weekend meeting, the two global superpowers agreed to slash tariffs set so high that nearly all trade between the two nations stopped.
“We’re not looking to hurt China. China was being hurt very badly,” Trump said Monday. “They were closing up factories, they were having a lot of unrest, and they were very happy to be able to do something with us.”
The U.S. goods trade deficit with China was $295.4 billion in 2024, the largest with any trading partner, according to the White House.
The two nations also will “take aggressive actions to stem the flow of fentanyl and other precursors from China to illicit drug producers in North America,” the White House said.
Trump said he plans to talk with Xi Jinping, president of the People’s Republic of China, at the end of the week. Trump said the fentanyl issue was a big part of the talks.
Read more: China-US trade talks begin in Geneva
