Modifying Reciprocal Tariff Rates to Reflect Discussions with the People’s Republic of China

President Donald Trump has announced a temporary suspension of certain tariffs on imports from China, reducing the additional duty rate from 34% to 10% for a 90-day period starting May 14, 2025. This move follows discussions with China aimed at addressing trade imbalances and national security concerns. While this action could ease trade tensions and potentially lower consumer costs in the U.S., it may face scrutiny from those concerned about long-term economic impacts and national security considerations.