China extends its suspension of a 24% tariff on U.S. goods by two months
China will keep its additional 24% tariff on U.S. imports suspended for two more months, while a 10% tariff on U.S. goods will stay in place, Reuters reports.
The decision came from the State Council's Customs Tariff Commission, which sets China's import duties, in a notice published on Monday. The extension takes effect at 1:01 p.m. Beijing time on Tuesday, November 10.
Both tariffs date from April 2025, when Beijing hit back at President Trump's "Liberation Day" duties.
China first suspended the additional 24% tariff for one year in November 2025, following a trade truce between Trump and President Xi in Busan, South Korea. The two leaders later agreed to extend the truce during a September 2026 meeting in Washington, CNBC reported, pushing the deadline to January 10, 2027.
Monday's notice is China's formal step, and two months from Tuesday takes its suspension to about the same date.
The two-month extension leaves both countries facing another trade deadline in January, adding uncertainty over the future of the tariff suspension.
On Friday, Reuters reported that Bessent and U.S. Trade Representative Greer urged Vice Premier He to carry out the Busan terms, following through on commitments involving agricultural purchases, rare earths, and other critical minerals.
Trump and Xi could meet next at the Asia-Pacific Economic Cooperation summit in Shenzhen this month and at the G20 summit in Miami in December, which gives both sides a chance to settle what follows January 10.
Sources & Further Reading
- "Announcement of the Customs Tariff Commission of the State Council on adjusting the additional tariffs on imports originating in the United States." Ministry of Finance of the People's Republic of China. November 9, 2026.
- "China extends suspension of 24% tariff on US imports for two months." Reuters. November 9, 2026.
- "China extends suspension of additional 24% tariff on US goods." CGTN. November 9, 2026.
- "Beijing lifts some tariffs on US farm goods but soybeans stay costly." Reuters. November 5, 2025.
- "U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit." CNBC. September 24, 2026.
- "US urges China to meet rare earths, agriculture commitments ahead of Trump-Xi meetings." Reuters. November 6, 2026.
This article was drafted with the help of AI. Aubrey Wood fact-checked, edited and published the article and is responsible for its accuracy and quality. How we use AI
