The Trump Administration has published a joint statement with China, agreeing to a further 90-day reduction in additional ad valorem duty (tariff) rates by 24%, while retaining the remaining additional ad valorem rate of 10% (Chinese government release, statement). This follows the prior 90-day reduction agreed to in May 2025 while the two sides work to complete a trade deal. An executive order from President Trump and a fact sheet on the further 90-day reduction have also been published.…