This executive order recites ongoing negotiations between the Trump administration and the People’s Republic of China (PRC) and previous executive orders of the Trump administration that imposed heightened tariffs and ad valorem rates of duty on goods of the People’s Republic of China (PRC), including Executive Orders 14259 and 14266. It then recites that Executive Order 14298 modified reciprocal tariff rates with the PRC and Executive Order 14334 reduced the ad valorem duties imposed upon the PRC by Executive Order 14257 to 10 percent.

The ongoing negotiations with the PRC include the elimination of the PRC’s current and proposed global export controls on rare earth elements and other critical minerals; PRC retaliation against U.S. semiconductor manufacturers; suspending or removing PRC tariffs on U.S. agricultural products; and extending the PRC’s market-based tariff exclusion process for U.S. imports until Nov. 10, 2026. As a result, the president has decided to continue the suspension of the heightened reciprocal tariff rates on imports of the PRC until Nov. 10, 2026.