Business · Trade · 5 hrs ago

China extends suspension of 24% US import tariff for two months

China extends suspension of 24% US import tariff for two months

China extended its suspension of an additional 24% tariff on US imports for two months, starting Nov 10.

The 10% tariff on those imports will remain in place.

The move follows a September meeting between the leaders of China and the United States, where they reached understandings on trade.

China also extended the suspension of special port fees on US-linked ships until Jan 10, 2027, and continues to pause a probe into shipping and shipbuilding supply chains.

The extensions are intended to support a more stable and predictable trade environment between the two countries.

A proposed package of reciprocal tariff cuts worth about US$60 billion has not yet been finalised.

China said it will watch US plans for new tariffs and may adjust its countermeasures; the 24% tariff suspension lasts two months.

7 sources

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China’s State Council Tariff CommissionGovernment tariff commission
will help to ensure a stable and predictable policy environment for bilateral relations
via CNN Brasil
will closely monitor Washington’s next measures and may adjust its tariff countermeasures as events develop
via CNN Brasil