In a Fact Sheet published over the weekend, the Trump Administration announced the following trade deal made with China:

• The United States will lower the tariffs on Chinese imports imposed to curb fentanyl flows by removing 10 percentage points of the cumulative rate, effective November 10th, 2025, and will maintain its suspension of heightened reciprocal tariffs on Chinese imports until November 10th, 2026 (The current 10% reciprocal tariff will remain in effect during this suspension period.);
• The United States will further extend the expiration of certain Section 301 tariff exclusions, currently due to expire on November 29th, 2025, until November 10th, 2026.

Additionally,  the following trade agreements were made early last week; however, final details have not yet been released.

Cambodia & Malaysia

President Donald Trump signed trade deals with Cambodia and Malaysia, leaving 19% tariffs on both Cambodian and Malaysian goods. The agreement included an annex with Cambodian goods that will face no reciprocal tariffs. The 19% tariffs layer on top of most-favored nation rates.

The Malaysia agreement is similar to the Cambodian one; however, it includes a number of purchase agreements, including $150 billion worth of semiconductors, aerospace parts, and data center equipment. It also offers $70 billion in “capital fund investments” in the US.

Thailand

The US and Thailand issued a joint statement on a trade framework, which says Thailand will eliminate tariff barriers on about 99% of US exports, while the US will exclude some products from the September 5th Annex III and spare those goods from 19% reciprocal tariffs. Those goods will still be subject to most-favored nation duties, and the 19% is added to MFN, as well. The final agreement will be negotiated over coming weeks, the statement says.

Vietnam

The US released an outline of an agreed-to deal with Vietnam. The final agreement will be finalized in the near future.

The joint statement highlighted that Vietnam will, “provide preferential market access for substantially all US industrial and agricultural exports,” and that the US will maintain the current 20% reciprocal tariffs, but will identify products from the September 5th Annex III that will face only most-favored nation duties.

As part of the agreement, Vietnam has promised to cooperate on duty evasion due to illegally transshipped goods and those products that are identified will face 60% additional tariffs—the 40% transshipment rate on top of the 20% rate.

South Korea

South Korea’s government said it has agreed to the details of a trade deal that lowers tariffs on goods outside the Section 232 actions to 15% from 25 percent.

RIM logistics, ltd. will continue to closely monitor this evolving situation and provide updates as necessary. Please reach out to your RIM representative if you have any further questions.