OMM Newsroom
China has extended the suspension of an additional 24% tariff on goods imported from the United States for another two months. The 10% tariff will remain in force as Beijing and Washington seek to preserve a fragile trade truce.
China’s State Council Tariff Commission announced the decision on Monday. The extension will take effect at 1:01 p.m. on November 10 and is intended to implement agreements reached between Chinese President Xi Jinping and US President Donald Trump. AnewZ reported.
Previous agreements on trade tariffs
The decision follows a sharp escalation in trade tensions in early 2025. In April that year, US tariffs on Chinese goods reached 145%, while China’s tariffs on imports from the United States rose to 125%.
A trade agreement reached in Geneva in May 2025 provided for the suspension of 24 percentage points of reciprocal tariffs, while the 10% tariffs remained in force. Since then, the sides have agreed several times to extend the suspension to prevent tensions from escalating again.
Under an agreement reached at the Busan summit in October 2026, the two countries agreed to suspend some countermeasures for one year. US Treasury Secretary Scott Bessent later announced that the trade truce, due to expire on November 10, would be extended until January 10, 2027.
Beijing’s latest decision aligns its tariff measures with the revised timeline.
Investment and agriculture talks
In addition to tariffs, Beijing and Washington have taken steps to strengthen economic cooperation and ease trade tensions.
The US-China Trade Council and Investment Council are in operation. The sides have agreed on recommendations to introduce preferential tariff treatment for non-sensitive goods worth $30 billion in each area.
Agriculture remains one of the key priorities. A separate working group has been established to discuss market access issues.
Beijing says it could respond to possible US measures
Despite the progress achieved, China has said it is prepared to respond to changes in US trade policy.
The commission’s statement said Washington had repeatedly discussed plans to replace tariffs deemed invalid and imposed under the International Emergency Economic Powers Act with new tariffs under Section 301 of US trade law.
Beijing said it would closely monitor Washington’s next steps and adjust its countermeasures if necessary.
The extension gives the sides additional time for negotiations. At the same time, China’s warning underscores that uncertainty and the risk of renewed tensions remain in the trade relationship between the two countries.
