China Extends 24% Tariff Suspension On US Goods For Two Months, Keeps 10% Duty In Place

China has announced a two-month extension of its suspension of additional 24% tariffs on US imports, while maintaining the existing 10% duty, as both nations work to stabilize their trade relations. This decision follows discussions during the leaders' summit in Washington in September. China's Transport Ministry also confirmed that the suspension of special port fees on US-linked vessels will continue until January 10, 2027, and that an investigation into security concerns related to shipping and shipbuilding supply chains will remain suspended.

These measures aim to implement the understandings reached during the summit between China and the US leaders. The two countries had previously proposed a $60 billion package of reciprocal tariff reductions, with about $17 billion in US agricultural products imported by China in 2024. However, this broader trade package has yet to be finalized.

China's State Council Tariff Commission will continue to monitor developments in US trade policy before deciding on any further adjustments to its countermeasures. Beijing's decision to continue the suspension of selected additional tariffs is intended to provide greater policy stability and predictability for businesses, supporting the development of bilateral economic and trade relations. The 10% tariff remains in force.