China Keeps 24% Extra Tariff On US Goods Suspended For Two More Months
China will keep the extra 24% tariff on US goods suspended for two more months from November 10 and retain the 10% levy, according to its Finance Ministry.
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.
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