China Extends Suspension of 24% U.S. Tariff for Two Months
China’s State Council Tariff Commission announced Monday that it would extend the suspension of its additional 24% tariff on U.S. imports for two more months. The extension took effect at 1:01 p.m. Beijing time on November 10, 2026, moving the deadline to approximately January 10, 2027.
The decision follows an agreement reached at a September 2026 summit in Washington between U.S. President Donald Trump and Chinese President Xi Jinping. The additional 24% tariff remains suspended, but China’s existing 10% tariff on U.S. goods will stay in place. China also extended the suspension of special port fees on U.S.-linked ships for the same period.
Beijing said it would “closely follow subsequent measures taken by the U.S. side” and could adjust its retaliatory tariffs as the situation develops. The commission said the extended suspension is intended to provide businesses in both countries with “a stable and predictable policy environment.”
The suspension of the additional 24% tariff was first introduced in November 2025, following a trade truce between Trump and Xi at a summit in Busan, South Korea. This two-month extension is the shortest renewal to date, leaving businesses facing fresh uncertainty ahead of the January deadline.
Source: Stock Analysis – China extends its suspension of a 24% tariff on U.S. goods by two months