China extends two-month suspension of 24% tariff on US imports
Press coverage 1 newspapers covered this event: KUNA →China announces extension of suspension on additional 24% tariffs on US imports for two months to maintain stability in trade relations
Translated by Qiyas from كونا — Original source
Beijing, Nov 9 (KUNA) -- China announced on Monday the extension of a two-month suspension of an additional 24 percent tariff on U.S. imports, while maintaining a 10 percent tariff, in a move aimed at preserving stability in trade relations between the two countries. The Tariff Commission of the State Council of China said in a statement that it decided to amend Announcement No. 4 of 2025, which had imposed a 34 percent tariff on all U.S. imports and goods in response to the “reciprocal tariffs” initiated by U.S. President Donald Trump. It clarified that the additional 24 percent tariff would be suspended, while the 10 percent tariff on U.S. products would remain in effect for one year starting November 10, 2025, in exchange for Washington suspending tariffs at the same rate and eliminating a 10 percent tariff on Chinese products, pursuant to the outcomes of their trade consultations held in Kuala Lumpur. This adjustment comes ahead of a anticipated meeting between Chinese President Xi Jinping and his U.S. counterpart Trump at the 33rd informal meeting of Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Forum, hosted by Shenzhen on November 18 and 19. (End) S L Q / T M A
