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China extends suspension of extra tariffs
The Mercury
|November 06, 2025
CHINA said yesterday it would extend a suspension of additional tariffs on US goods for one year, making official an agreement reached in talks between presidents Xi Jinping and Donald Trump last week.
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The two leaders held talks in South Korea at the end of October that effectively extended a delicate truce for a year, after several rounds of trade negotiations in recent months.
A statement published yesterday on the Ministry of Finance website, citing Beijing’s State Council, said that “for one year the 24% tariff on US goods will continue to be suspended, (and) a 10% tariff on US goods will remain”.
The statement said the pause follows “the consensus reached in the China-US economic and trade consultations” and would be effective from November 10.
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