The White House announced on November 1 that starting November 10, 2025, the tariffs on Chinese goods related to the crackdown on fentanyl would be reduced by 10 percentage points. The originally planned "countermeasures" would be suspended until November 10, 2026, during which the current 10% tariff rate would remain in effect. Additionally, some 301 clause tariff exemptions, which were set to expire on November 29, 2025, have been extended until November 10, 2026. Concurrently, the U.S. will also suspend 301 investigation measures against China's maritime, logistics, and shipbuilding sectors for one year. These adjustments reflect the concrete implementation of economic and trade consensus reached by Chinese and U.S. leaders during their recent meeting in South Korea, aiming to promote the balanced development of bilateral trade relations.