OMM Newsroom
China said on Monday it had extended for two months the suspension of its additional 24% tariff on imports from the United States and special port fees for US-linked ships, according to Anadolu Agency.
Beijing will keep the 10% additional tariff in place, state-run Xinhua News reported, citing the Customs Tariff Commission of the State Council.
After a September summit in Washington between US President Donald Trump and Chinese President Xi Jinping, the two sides proposed a $60 billion package of reciprocal tariff cuts. The proposal includes about $17 billion worth of US agricultural goods imported by China in 2024, but it has not been finalised.
The State Council said the extension was intended to implement the “outcomes and consensus reached at the Washington meeting between the heads of state of China and the United States.”
It added that China had noted repeated US statements about replacing tariffs imposed under the International Emergency Economic Powers Act, which have been ruled invalid, with Section 301 tariffs.
“China will continue to closely follow the U.S. side’s subsequent moves and adjust its relevant tariff countermeasures in light of the situation,” the statement said.
Separately, China’s Ministry of Transport said on Monday it would continue suspending special port fees on US-linked ships and an investigation into the impact on the security and development interests of the shipping and shipbuilding industries, as well as related industrial and supply chains, until Jan. 10, 2027.
China first announced a one-year suspension of the fees and the investigation in November last year, in line with a consensus reached during China-US economic and trade talks in Kuala Lumpur, Malaysia.
The move coincided with Washington suspending the final measures of its investigation into China’s maritime, logistics and shipbuilding sectors.
