As of May 5, 2026, the U.S. maintains a temporary 10% reciprocal tariff on Chinese goods under Section 122 of the Trade Act of 1974, effective since February 24, 2026. This replaces previous tariffs, including the 84% tariff imposed in April 2025, and covers 100% of Chinese imports. Following the Supreme Court's February 20, 2026, decision striking down tariffs under IEEPA, the 10% rate is set for 150 days, with possible Congressional extension.

Medium confidenceTemporary

CURRENT STATE

In May 2026, the U.S.-China trade relationship is defined by the 10% reciprocal tariff under Section 122. Average U.S. tariffs on Chinese goods are 47.5%, with China’s effective tariff on U.S. exports at 31.6%. China still has retaliatory tariffs, such as 50% on soybeans and aircraft. The U.S. trade deficit with China fell 32% in 2025. High-level talks are scheduled for mid-May 2026.

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