Fact Sheet: President Donald J. Trump Strikes Deal on Economic and Trade Relations with China
Fact sheetTariff cut or exemptionPublished 25/11/01Open the original
Summary
President Trump announces a trade and economic deal with China that includes China suspending some rare-earth export controls and retaliatory tariffs, and the US cutting some tariffs on Chinese imports. Starting November 10, 2025, the US lowers fentanyl-related tariffs by 10 percentage points and extends or suspends certain Section 301 exclusions and end-user controls for one year.
By industry
- Tariffs & Reshoring1 trading day−0.3%p15 stocks5 trading days−0.7%p15 stocks20 trading days+2.8%p15 stocks
“will lower the tariffs on Chinese imports imposed to curb fentanyl flows”
- Semiconductors & CHIPS Act1 trading day+1.9%p15 stocks5 trading days+0.4%p15 stocks20 trading days+1.9%p15 stocks
“End Chinese retaliation against U.S. semiconductor manufacturers and other major U.S. companies”
- Shipbuilding & MASGA1 trading day+0.1%p15 stocks5 trading days−1.7%p15 stocks20 trading days−6.1%p15 stocks
“Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance”
- Korean Investment in the U.S.1 trading day+1.4%p15 stocks5 trading days+0.5%p15 stocks20 trading days+1.3%p15 stocks
“This week in the Republic of Korea, President Donald J. Trump reached a trade and economic deal”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/10/31 | 0.0% | 0.0% |
| 25/11/03 | −0.2% | +0.1% |
| 25/11/04 | −4.2% | −1.0% |
| 25/11/05 | −2.9% | −0.6% |
| 25/11/06 | −4.0% | −1.5% |
| 25/11/07 | −2.2% | −1.5% |
| 25/11/10 | −2.3% | −0.1% |
| 25/11/11 | −4.2% | +0.2% |
| 25/11/12 | −1.2% | +0.2% |
| 25/11/13 | −3.1% | −1.4% |
| 25/11/14 | −2.9% | −1.4% |
| 25/11/17 | −4.4% | −2.3% |
| 25/11/18 | −4.7% | −3.3% |
| 25/11/19 | −4.2% | −2.3% |
| 25/11/20 | −5.9% | −4.4% |
| 25/11/21 | −3.4% | −3.3% |
| 25/11/24 | −1.7% | −1.8% |
| 25/11/25 | +1.0% | −1.0% |
| 25/11/26 | +2.2% | −0.3% |
| 25/11/28 | +2.4% | +0.2% |
| 25/12/01 | +2.5% | −0.3% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Samsung Electronics 005930
- SK hynix 000660
- SKC 011790
- Hanwha Ocean 042660
- HD Hyundai Heavy Industries 329180
- HD Korea Shipbuilding & Offshore Engineering 009540
- Samsung Heavy Industries 010140
- Hyundai Motor Company 005380
- LG Energy Solution 373220
- 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
$8.8M
46,583 sh
$8.8M
Filed 25/10/02
Traded 25/10/02
- 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
$8M
42,774 sh
$8M
Filed 25/10/07
Traded 25/10/06
- 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
- Jen Hsun Huang
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$6.5M
34,355 sh
$6.5M
Filed 25/10/07
Traded 25/10/03
- 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
$4.9M
25,662 sh
$4.9M
Filed 25/10/02
Traded 25/10/02
- 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
$4.7M
25,498 sh
$4.7M
Filed 25/10/07
Traded 25/10/07
- 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
