China Keeps 24% Extra Tariff On US Goods Suspended For Two More Months
China has extended the pause on the extra 24% duty by two months that was placed on American goods, but the baseline 10% duty stays in place, China’s Finance Ministry said in a statement.
The new arrangement takes effect on November 10, 2026, after the State Council signed off on changes to the measures originally laid out in the Customs Tariff Commission’s Announcement.
The ministry said that the step is meant to put into effect what the Chinese and American leaders agreed when they met in Washington.The decision took place in three-day summit in September between President Xi Jinping and President Donald Trump, where the two sides agreed to seek better tariff terms for $30 billion of non-sensitive goods flowing each way.
The same fact sheet said that the US-China Board of Trade and the Board of Investment, which were chartered at a May 2026 summit in Beijing, have now been made operational.
On the shipping side, the U.S. Trade Representative has formalised a two-month suspension of its port fees on Chinese vessels, with relief on port fees, crane duties and intermodal tariffs now running through January 9, 2027.
The earlier one-year suspension was due to lapse on November 9, and the agency said that the extra time is meant to allow more negotiation with China over the practices under investigation.
References: ANI via ChiniMandi
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