China has decided to extend the suspension of the additional 24% tariff on American goods by two months. The decision pushes the China-US trade truce deadline to January 2027. The decision takes effect on November 10.
The existing 10% tariff on American imports will continue to be applied, according to information from Bloomberg cited by Monitor. The trade truce thus remains in force for another two months, without changes to the base 10% rate on American imports, according to the same sources.
The additional 24% tariff remains suspended during this period, while the 10% tariff continues to apply to American goods entering China, according to information cited by Monitor. Beijing also announced the extension until January 10, 2027 of the suspension of special port fees for vessels linked to the US.
Likewise, the suspension of several restrictions on the export of critical minerals and related technologies was extended. The measures follow the agreement reached in September in Washington between the American President, Donald Trump, and his Chinese counterpart, Xi Jinping, to continue the trade truce.
The initial agreement was reached in October 2025, during the meeting of the two leaders in Busan, South Korea. At that time, both countries agreed to suspend the additional 24% tariffs while keeping the 10% tariffs. After the September meeting, Washington and Beijing proposed a package of mutual tariff reductions worth about 60 billion dollars.
The package, which has not yet been finalized, includes American agricultural products worth about 17 billion dollars, based on Chinese imports in 2024. Chinese authorities announced that they will continue to follow American plans to replace some tariffs declared invalid by the courts with new measures under Section 301 of US trade legislation. Trump and Xi are expected to meet again during the APEC summit in China next week.