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Economy

China Extends Suspension of 24% Tariff on U.S. Goods for Two More Months

China said Monday it will keep a 24% additional tariff on American goods suspended for two more months, extending a trade truce that was due to expire on Tuesday, days before President Trump and President Xi Jinping are expected to meet at the APEC summit in China.

By admin Nov. 9, 2026 · 7:00 AM ET 2 min read

A large container ship loaded with colorful shipping containers sailing on the ocean at sunrise.

China said Monday it will keep a 24% additional tariff on U.S. goods suspended for two more months, extending a trade truce with the United States that was due to expire on Tuesday.

The suspension will run for two months from 1:01 p.m. on Tuesday, China’s State Council Tariff Commission said, while a separate 10% additional tariff on U.S. goods stays in place.

Gantry cranes and stacked shipping containers at a container port terminal with a cargo ship docked at the pier.

The decision carries out the outcomes and consensus reached at the Washington meeting between the two countries’ leaders in September, the commission said. It comes days before President Donald Trump and Chinese President Xi Jinping are expected to meet for the third time this year at the APEC leaders’ summit in China next week.

Port fees and export controls also extended

Beijing extended other parts of the truce as well. The transport ministry said the suspension of special port fees on U.S.-linked vessels will run until January 10, 2027, and a probe into shipping and shipbuilding supply chain security will stay suspended.

Rows of red, blue and green shipping containers stacked in a port yard at sunset.

The commerce ministry said export-control waivers for certain critical minerals and related technologies will run until January 10, 2027. Measures affecting 11 U.S. firms on China’s unreliable entities list and 16 on its export control list will also stay suspended through that date, and sanctions on five U.S.-linked units of Hanwha Ocean will stay suspended for two more months.

After the September summit, both sides proposed a $60 billion package of reciprocal tariff cuts, including about $17 billion of U.S. farm goods China imported in 2024, though the plan has not been finalized. U.S. Treasury Secretary Scott Bessent said in September that the two-month extension would give the two sides “more time to see what we can do on the economic front.”

An aerial view of a container port with cargo ships docked and long rows of shipping containers.

China said it had noted that the United States has repeatedly said it intends to use tariffs under Section 301 to replace tariffs imposed under the International Emergency Economic Powers Act that courts have held invalid. Beijing said it will watch later U.S. measures and adjust its tariff countermeasures as needed.

Reporting based on coverage by Reuters.

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