China Extends Suspension of 24% Tariffs on US Imports - Sarmad
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China announced the extension of the suspension of an additional 24% tariff on US imports for two months to maintain stability in trade relations.
Translated by Qiyas from سرمد — Original source
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 Chinese State Council stated in a notice that it had decided to amend Announcement No. 4 of 2025, which 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 from November 10, 2025, mirroring Washington’s suspension of tariffs at the same rate and its cancellation of 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 Donald Trump at the 33rd informal meeting of Asia-Pacific Economic Cooperation (APEC) economic leaders, hosted by the city of Shenzhen on November 18 and 19.
