China Extends US Tariff Suspension Ahead of APEC Summit

The State Council of the People's Republic of China will extend the suspension of an additional 24% tariff on United States imports for two months, effective November 10, 2026. While the 24% duty remains paused, China will retain a 10% blanket tariff on U.S. goods. The decision, announced by the Customs Tariff Commission, formalizes a trade truce between President Xi Jinping and President Donald Trump to prevent a tariff snapback as a previous one-year suspension was set to expire.

In a related move, the Ministry of Transport of the People's Republic of China extended the suspension of special fees for American ships docking at Chinese ports until January 10. These measures aim to provide a stable policy environment before the two leaders meet at the upcoming APEC summit in China.

The extension follows a September summit in Washington where both nations proposed a $60-billion reciprocal tariff cut package. This proposed plan includes $17 billion in U.S. farm goods, though the agreement has not yet been finalized.