China Extends Suspension of 24% Tariff on US Imports for Two More Months

China will keep its additional 24% tariff on United States imports suspended for two more months, the country's finance ministry announced on Monday, in the latest sign that the fragile trade truce between the two economies is holding. The China tariff suspension extension takes effect at 1:01 p.m. Beijing time on Tuesday, November 10, with a 10% additional tariff remaining in place on American goods.

Key Points

• China will maintain its suspension of the additional 24% tariff on US imports for two more months, effective 1:01 p.m. Beijing time on Tuesday, November 10.
• A 10% additional tariff on American goods stays in place during the extension.
• The extension implements the outcomes of the September summit between the two leaders; the wider trade arrangement runs through January 10, 2027.
• Both sides have proposed a $60 billion package of reciprocal tariff cuts, including about $17 billion of US farm goods China imported in 2024, though the plan is not yet final.
• The announcement comes ahead of the APEC leaders summit in Shenzhen on November 18-19, where Trump is expected to meet Xi.

What Happened

China's State Council Customs Tariff Commission announced on Monday, November 9, 2026, that the suspension of the additional 24% tariff on imports from the United States will continue for two more months. The extension begins at 1:01 p.m. Beijing time on Tuesday, November 10, or 12:01 a.m. Eastern Time in the United States.

The announcement, published by the finance ministry, frames the extension as carrying out the outcomes and consensus reached at the September summit in Washington between the two countries' leaders.

The wider trade arrangement between the two countries, agreed in Kuala Lumpur, runs through January 10, 2027. After the September summit, the two sides proposed a package of reciprocal tariff cuts worth about $60 billion, including $17 billion of farm goods China imported in 2024. The plan has yet to be finalised.

Background and Context

The suspension has its roots in the trade deal sealed by Trump and Xi in Busan on October 30, 2026. Under it, the United States cut tariffs on Chinese goods from 57% to 47% by halving its fentanyl tariff from 20% to 10%, and pulled back from a threatened 100% tariff due on November 1. China paused its rare-earth export controls for one year, suspended retaliatory tariffs imposed since March 4, and pledged to buy at least 12 million metric tons of American soybeans by year-end.

The legal ground under the American tariff regime has also shifted. In February 2026, the Supreme Court ruled 6-3 in Learning Resources v. Trump that tariffs imposed under the International Emergency Economic Powers Act, known as IEEPA, were unlawful, putting about $166 billion in collected duties in line for refunds. The administration has since signalled it will rebuild its tariff measures under Section 301 of the Trade Act of 1974, after completing Section 301 probes into overcapacity in 16 economies, including China.

China Tariff Suspension: What the Two-Month Extension Means

For American exporters, the extension means two more months of certainty on the tariff they face when selling into China. The 24% duty stays suspended, and the 10% additional tariff that remains is far below the levels seen at the height of the trade war. Farmers stand to gain the most, with China still the largest buyer of American soybeans.

For importers in the United States, the extension changes little directly, because it covers Chinese tariffs on American goods rather than American tariffs on Chinese goods. But it signals that Beijing is not looking to escalate, and it keeps the wider truce intact as both sides prepare for the leaders' meeting in Shenzhen.

The timing is deliberate. By announcing the extension now, Beijing gives negotiators a stable backdrop for the APEC summit on November 18-19, where Trump is expected to meet Xi for the third time this year. There is also a warning inside the announcement: China said it has noted American statements that Washington intends to use Section 301 tariffs to replace the IEEPA tariffs the courts held invalid, and that it would adjust its retaliatory measures as appropriate.

Reactions

Beijing presented the extension as a straightforward step to carry out the consensus reached by the two leaders, and its statement carried no new threats. But the emphasis on adjusting retaliatory measures shows China is watching closely how the United States rebuilds its tariff regime after the Supreme Court ruling.

Washington has not yet issued a formal response. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer pressed Beijing in a November 6 video call with Vice Premier He Lifeng to fully implement its Busan commitments, while China objected to recent American trade restrictions.

Why It Matters

The extension removes a near-term deadline that could have reignited the tariff war. Without it, the suspension would have lapsed, pushing the duty on American goods back up and drawing a response from Washington. Instead, exporters, farmers and manufacturers on both sides get two more months of stability.

It also matters for the shape of the negotiation. The $60 billion package of reciprocal cuts, if finalised, would be the most substantial tariff reduction between the two countries since the trade war began. For American consumers, a stable truce helps keep prices for electronics, clothing and household goods from rising further.

What Happens Next

All eyes now turn to the APEC leaders summit in Shenzhen on November 18-19, where Trump is expected to meet Xi. Negotiators will want to show progress on the $60 billion package before it begins. After Shenzhen, attention shifts to the G20 summit in Miami in mid-December.

The wider trade arrangement expires on January 10, 2027, so the weeks after the G20 will be critical: either the two sides agree a longer-term deal, or they extend the truce again, or the tariff war resumes. If Washington moves to impose new duties under Section 301, Beijing has already said it will adjust its retaliatory measures.

Frequently Asked Questions

What did China announce on November 9?
China will keep its additional 24% tariff on US imports suspended for two more months, from 1:01 p.m. Beijing time on Tuesday, November 10; a 10% tariff stays in place.

How long does the suspension last?
Two more months from November 10, 2026. The wider US-China trade arrangement runs through January 10, 2027.

What is the $60 billion package?
A proposed set of reciprocal tariff cuts worth about $60 billion, including roughly $17 billion of US farm goods China imported in 2024. It has not yet been finalised.

Why is China mentioning Section 301 tariffs?
After the Supreme Court struck down IEEPA tariffs in February 2026, the US has signalled it will use Section 301 tariffs instead. China said it would adjust its retaliatory measures as appropriate.

When do Trump and Xi meet next?
At the APEC leaders summit in Shenzhen on November 18-19, with a further meeting expected at the G20 in Miami in mid-December.

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