China extends suspension of extra US import tariffs for two months
Beijing keeps a 10% additional tariff on US goods while pausing a 24% rate and port fees on US-linked ships until January.
China extended the suspension of an additional 24% tariff on US imports and special port fees on US-linked ships on Monday, Turkey's state-run news agency Anadolu Agency reported.
The 24% rate will stay suspended for two months, while a 10% additional tariff will remain in place, state-run Xinhua News reported, citing the Customs Tariff Commission of the State Council.
The State Council said in a statement that the extension would put into effect the outcomes and consensus reached at the Washington meeting between Chinese President Xi Jinping and US President Donald Trump.
After that September summit in Washington, both sides proposed a package of reciprocal tariff cuts worth $60 billion, including roughly $17 billion in US farm goods that China imported in 2024.
The State Council noted that Washington has repeatedly said it intends to replace tariffs imposed under the International Emergency Economic Powers Act, which have been ruled invalid, with Section 301 tariffs.
"China will continue to closely follow the U.S. side's subsequent moves," the statement said.
China's Ministry of Transport announced Monday that it would keep suspending the collection of special port fees on US-linked ships until Jan. 10, 2027.
The ministry said it would also continue its investigation into the impact of the fees on the security and development interests of the shipping and shipbuilding industries and related supply chains during the same period.
Beijing first announced a one-year suspension of the port fees and the probe in November last year, following trade talks in Kuala Lumpur, Malaysia.
That move coincided with Washington's suspension of the final measures of its investigation into China's maritime, logistics and shipbuilding sectors.
