**[China and the U.S. Begin Implementing Kuala Lumpur Economic and Trade Consultation Consensus, Adjust Tariff Measures]** On November 6, China and the U.S. began implementing the consensus reached during the Kuala Lumpur economic and trade consultations, with recent adjustments to multiple tariff and non-tariff measures. On November 4 local time, the White House issued two presidential executive orders, announcing the removal of the 10% "Fentanyl Tariff" on Chinese goods starting November 10, 2025, and extending the suspension period for the 24% "Reciprocal Tariff" on Chinese goods by one year. On November 5, relevant Chinese departments also announced corresponding adjustment measures. Huo Jianguo, Vice President of the China Society for World Trade Organization Studies, stated that the current implementation involves the first batch of consensus outcomes, addressing measures related to the U.S.'s previous increase of the "Fentanyl Tariff" and the imposition of "Reciprocal Tariffs" on Chinese goods. Future implementation of consultation outcomes will also cover areas such as the "50% Penetration Rule," restrictions related to the Section 301 investigation, cooperation on fentanyl anti-drug efforts, and the expansion of agricultural trade.