Modifying Reciprocal Tariff Rates Consistent With the Economic and Trade Arrangement Between the United States and the People's Republic of China
Executive orderTariff cut or exemptionSigned 25/11/04Federal Register 25/11/07Executive Order 14358Open the original
Summary
President Trump continues the suspension of heightened reciprocal tariffs on imports from the PRC until 12:01 a.m. eastern standard time on November 10, 2026. The order implements the US-PRC economic and trade arrangement and references semiconductor supply chains, rare earths, and agricultural exports.
By industry
- Tariffs & Reshoring1 trading day−2.9%p15 stocks5 trading days−2.0%p15 stocks20 trading days+2.7%p15 stocks
“continue the suspension of the heightened reciprocal tariffs on imports of the PRC until 12:01 a.m. eastern standard time on November 10, 2026”
- Semiconductors & CHIPS Act1 trading day−3.1%p15 stocks5 trading days−0.3%p15 stocks20 trading days+2.8%p15 stocks
“Chinese retaliation against United States semiconductor manufacturers and other major companies in the semiconductor supply chain”
- Korean Investment in the U.S.1 trading day+0.1%p15 stocks5 trading days−0.6%p15 stocks20 trading days+1.3%p15 stocks
“on October 30, 2025, in the Republic of Korea, the United States and the PRC reached a historic and monumental deal”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/11/03 | 0.0% | 0.0% |
| 25/11/04 | −4.0% | −1.1% |
| 25/11/05 | −2.7% | −0.7% |
| 25/11/06 | −3.8% | −1.6% |
| 25/11/07 | −2.0% | −1.6% |
| 25/11/10 | −2.2% | −0.2% |
| 25/11/11 | −4.0% | +0.1% |
| 25/11/12 | −1.0% | +0.1% |
| 25/11/13 | −2.9% | −1.5% |
| 25/11/14 | −2.7% | −1.4% |
| 25/11/17 | −4.2% | −2.4% |
| 25/11/18 | −4.5% | −3.4% |
| 25/11/19 | −3.9% | −2.4% |
| 25/11/20 | −5.7% | −4.5% |
| 25/11/21 | −3.2% | −3.4% |
| 25/11/24 | −1.4% | −1.9% |
| 25/11/25 | +1.2% | −1.1% |
| 25/11/26 | +2.5% | −0.4% |
| 25/11/28 | +2.6% | +0.1% |
| 25/12/01 | +2.8% | −0.4% |
| 25/12/02 | +2.6% | −0.1% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Samsung Electronics 005930
- SK hynix 000660
- SKC 011790
- Hyundai Motor Company 005380
- LG Energy Solution 373220
- Hanwha Ocean 042660
- Korea Zinc 010130
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$11.2M
59,642 sh
$11.2M
Filed 25/10/10
Traded 25/10/08
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$9.8M
52,771 sh
$9.8M
Filed 25/10/28
Traded 25/10/24
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$8.7M
47,306 sh
$8.7M
Filed 25/10/20
Traded 25/10/20
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$7.7M
42,666 sh
$7.7M
Filed 25/10/23
Traded 25/10/21
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$7.2M
39,354 sh
$7.2M
Filed 25/10/23
Traded 25/10/23
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$6.8M
36,295 sh
$6.8M
Filed 25/10/15
Traded 25/10/13
- Mark A. Stevens
SellNvidia
SellNvidia
NVDA
$63.6M
350,000 sh
$63.6M
Filed 25/12/09
Traded 25/12/05
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$6.4M
32,972 sh
$6.4M
Filed 25/10/10
Traded 25/10/09
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$5.7M
31,274 sh
$5.7M
Filed 25/10/20
Traded 25/10/16
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$5.3M
28,863 sh
$5.3M
Filed 25/10/20
Traded 25/10/17
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$5.2M
28,874 sh
$5.2M
Filed 25/10/20
Traded 25/10/16
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$5.1M
28,335 sh
$5.1M
Filed 25/10/15
Traded 25/10/14
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$4.9M
26,114 sh
$4.9M
Filed 25/10/15
Traded 25/10/13
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$4.8M
24,806 sh
$4.8M
Filed 25/10/10
Traded 25/10/09
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$4.3M
23,469 sh
$4.3M
Filed 25/10/15
Traded 25/10/14
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$4.2M
22,744 sh
$4.2M
Filed 25/10/20
Traded 25/10/17
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$4.1M
22,944 sh
$4.1M
Filed 25/10/15
Traded 25/10/15
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$3.9M
21,229 sh
$3.9M
Filed 25/10/23
Traded 25/10/23
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$3.8M
20,846 sh
$3.8M
Filed 25/10/15
Traded 25/10/15
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$3.4M
18,926 sh
$3.4M
Filed 25/10/23
Traded 25/10/21
