US-China trade, tariffs in 2026

- [Image text:] US-China trade war state of play Chinese President Xi Jinping is due to visit the White House in late September amid lingering tensions with the US and the looming end of a tariff truce. The two sides have rolled out a number of trade restrictions in recent months and two-way shipments have cooled following a tariff war last year that briefly pushed levies above 1oo per cent Overall relations have improved, helped by two presidential meetings in the past year Still, tariffs remain higher than when Donald Trump returned to the Oval Office Effective tariff change US tariff on Chinese imports Chinese tariff onUS imports Effective tariff before the Xi-Trump 43% 29% summit in South Korea 2025 UShalves November1 fentanyl-relatedtariff 10% China removes agricultural and food tariffs 1% 2026 January 15 US eases export licences for Nvidia H200 and other mid-range Al chips January20 Confirmation that China has fulfiled commitment to buy 12m metric tons of soybeans USimposes temporary 10%levy after 20% tariff February 20 struck down as part of Supreme Courtruiling 10% Board of trade will oversee tariff-free Change in China's 1H trade surplus with US Difference -33% +1% reflects to US$82b,based to US$143b based valuation on US data on Chinese data methods and transshipments US$576billion China's 1H global trade surplus down1%YoY) Two-way trade Chinese imports from US 600 Chinese exports to US 500 400