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China announced on Monday, November 9, that it will keep its additional 24 percent tariff on American goods suspended for two more months, extending the trade truce with the United States that was due to expire on Tuesday. The 10 percent additional tariff on U.S. goods stays in place.
The Customs Tariff Commission of the State Council said the extension takes effect at 1:01 p.m. Beijing time on Tuesday, November 10, and runs until January 10, 2027. It said the move implements the consensus reached by President Donald Trump and Chinese President Xi Jinping at their meeting in Washington in September.
The truce traces back to the summit between Trump and Xi in Busan, South Korea, in October 2025, when the two sides agreed to suspend a range of retaliatory trade measures for one year, through November 10, 2026. Under that agreement, the United States cut its fentanyl-related tariffs on Chinese goods to 10 percent from 20 percent, and China resumed purchases of American agricultural products, including soybeans.
U.S. Treasury Secretary Scott Bessent had already flagged the two-month extension in September, after meeting Chinese Vice Premier He Lifeng in Washington on September 23. In a Fox News interview, Bessent said the two sides had agreed to push the truce's expiry to January 10, 2027.
Beijing paired the tariff decision with other deferrals. The Commerce Ministry said tightened export controls on critical minerals and rare-earth-related materials, including superhard materials, heavy rare-earth metals and alloys, lithium and synthetic graphite used in battery manufacturing, will be postponed until January 10, 2027. Measures against 11 U.S. firms on China's unreliable entities list and 16 on its export control list will also remain suspended through that date, and sanctions on five U.S. subsidiaries of Hanwha Ocean will stay suspended for two more months.
China's Transport Ministry said the suspension of special port fees on U.S.-linked vessels will be extended until January 10, 2027, and a related investigation into shipping and shipbuilding supply chains will be halted for two months.
On the American side, the Office of the U.S. Trade Representative filed to keep reduced tariffs on Chinese imports in place and to suspend fees on China-linked ships calling at U.S. ports, imposed under its Section 301 maritime investigation, until January 10, 2027.
The extension comes days before Trump and Xi are expected to meet again next week at the APEC summit in China. Negotiations continue over a proposed $60 billion package of reciprocal tariff reductions, including about $17 billion of American agricultural goods, which has not yet been finalised. The 24 percent suspension is a pause, not a repeal: the 10 percent levy was not touched by the extension, and the same set of deadlines will come up again within weeks of the new year.