China will maintain the suspension of its additional tariff of 24% on U.S. imports for two months from 1:01 p.m. on Tuesday, but retain a tariff of 10%, its State Council, or cabinet, said.
The extension, which takes effect November 10, implements the "outcomes and consensus reached at the Washington meeting between the heads of state of China and the United States," the council's tariffs panel said in a statement.
After September's Washington summit of their leaders, both sides proposed a $60-billion package of reciprocal tariff cuts, including roughly $17 billion worth of U.S. farm goods that China imported in 2024, though the plan has yet to be finalized.
China has "noted that the US side has repeatedly stated that it intends to use Section 301 tariffs to replace the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) that have been held invalid by judicial rulings," the statement said.
The move comes ahead of President Donald Trump's expected meeting with Chinese President Xi Jinping at the APEC summit in China next week. Trump told reporters before flying back to Washington from Florida that he will travel to China for the APEC summit, set for November 18-19 in the southern tech hub of Shenzhen.
