China extends suspension of U.S. tariffs by two months

The Customs Tariff Commission of China's State Council announced that the decision will take effect on Tuesday, November 10, at 1:01 p.m. Beijing time. The existing 10% general tariff on U.S. goods will remain in place. China also extended the suspension of special fees imposed on American vessels entering Chinese ports until January 10, 2027.

The decision follows an agreement reached in September between U.S. President Donald Trump and Chinese President Xi Jinping to extend the trade truce. Aimed at easing trade tensions between the two countries, the move prevents existing tariffs from rising again. Beijing stated that it would closely monitor Washington's plans for new tariffs and warned that it could adjust its countermeasures depending on future U.S. actions.