China extends suspensions of 24% tariff on US goods, port fees on US ships for two months
Beijing said the move preserves the trade truce as talks continue, while a proposed $60 billion tariff-cut package remains unfinished.
- 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 proposed $60 billion reciprocal tariff cut package.
- 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 that courts held invalid, and will "closely follow subsequent measures taken by the US side."
- President Donald Trump expects to meet Chinese President Xi Jinping and Russian President Vladimir Putin at the APEC leaders' summit in Shenzhen next week to discuss denuclearisation and "trying to end the war in Iran.
87 Articles
87 Articles
China extended a pause in tariffs for the United States ahead of an expected meeting between Trump and Xi, <p>China suspended 24% of additional duties on American goods for another two months, keeping the tariff at 10%. The decision was made before the summit APES.</p>
Globo
infomoney.com.brChina has, in practice, extended its trade truce with the United States for another two months on Monday (9), announcing the continuation of the suspension of a series of trade measures. The temporary agreement was scheduled to expire on Tuesday (10), while Chinese President Xi Jinping and US President Donald Trump are scheduled to meet for the third time this year during the Asia-Pacific Economic Cooperation (Apec) summit in China next week. Fo…
China extended the 24% additional customs duties on United States imports for another two months, maintaining 10% fees, in the midst of a trade truce and awaiting the summit of the Triumph, Shi and Putin Caucus.
China extends 24% tariff suspension on US imports for two more months
Beijing will continue suspending additional 24% tariffs on American imports for another two months while retaining a 10% duty, as the world's two largest economies seek to maintain momentum in trade negotiations following the September summit between their leaders.
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