China Extends Suspension of 24% Tariffs on US Goods by Two Months, Retains 10% Duty
China said the move supports Washington summit commitments and will keep trade policy stable as it watches possible US tariff changes.
- On Monday, China extended the suspension of its 24% tariff on United States imports for two months starting Tuesday, though a 10% tariff remains in effect.
- Beijing stated the extension implements the "outcomes and consensus reached at the Washington meeting between the heads of state of China and the United States," following a $60 billion reciprocal tariff cut package proposed earlier.
- China also extended the pause on special port fees for US-linked vessels until Jan 10, 2027, and kept a probe into shipping and shipbuilding supply chains on hold.
- Beijing noted the United States intends to use Section 301 tariffs to replace those imposed under the International Emergency Economic Powers Act, and China will "closely follow subsequent measures taken by the US side and will, as appropriate, adjust relevant tariff countermeasures in light of developments."
- President Donald Trump expects to meet Chinese President Xi Jinping and Russian President Vladimir Putin at the APEC leaders' summit in Shenzhen next week. "We're trying to end the war in Iran," Trump said.
39 Articles
39 Articles
Shanghai (China), 9 Nov (EFE).- China confirmed this Monday that it will prolong, from tomorrow and for two months, the suspension of the additional tariffs of 24 % on US goods and the specific port charges for ships linked to that country, as part of the extension of the commercial truce agreed in September. [...] The entry China confirms the extension until January of the pause of tariffs and port charges to the US was first published in HolaN…
Following the agreement at meetings of Xi and Trump
CHINA has postponed additional 24 percent tariffs on imports from the US for another two months.
China is once again postponing the increase in tariffs on American goods, the country's transport authority said on Monday.
saarbruecker-zeitung.de
China and the US have been in a trade dispute for a long time. Shortly before a deadline expires, the government in Beijing meets the Americans, just a few days before an important meeting.
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