China Extends Suspension of 24% Tariff on US Goods
The suspension of the additional tariff runs for two months, while port-fee relief for US-linked vessels now extends to January 10, 2027.
China extends its suspension of the extra 24% tariff on US imports for two months, while a 10% tariff remains and port fee relief runs to Jan 2027.
China has extended the suspension of its additional 24% tariff on US imports for two months, starting at 1:01pm on Tuesday, according to Reuters. A 10% tariff on US goods will remain in place.
Port Fees and Probe
The suspension of special port fees on US-linked vessels now runs until January 10, 2027. China is also continuing to suspend its probe into shipping and shipbuilding supply chain security. The announcements came from China’s State Council, its tariffs panel and its transport ministry.
Link to the Washington Summit
China said the extension implements the “outcomes and consensus” of the September meeting between the two leaders in Washington. After that summit, both sides proposed a $60-billion package of reciprocal tariff cuts, which includes roughly $17 billion in US farm goods that China imported in 2024. The plan has not yet been finalised.
Watching US Measures
China noted that the United States intends to use Section 301 tariffs to replace tariffs imposed under IEEPA, which courts have ruled invalid. It said it will closely follow the US measures that follow and may adjust its countermeasures accordingly. It added that the continued suspensions support a stable and predictable policy environment for bilateral trade.
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