US and China Extend Trade Truce Through January 2027
The United States and China extended mutual tariff exemptions and sanctions waivers through January 2027 ahead of an upcoming APEC summit meeting between their presidents.
The Office of the United States Trade Representative and the Government of China have extended a mutual trade truce through January 2027. On November 11, 2026, the U.S. announced a two-month extension of tariff exemptions for 178 categories of Chinese goods, including solar manufacturing equipment, to prevent the expiration of exclusions under the Trade Act of 1974.
Simultaneously, China extended its truce effective November 10, suspending an additional 24 percent tariff on U.S. imports and maintaining waivers for critical minerals and technologies. Beijing also suspended sanctions on 32 U.S. firms across its unreliable entities and export control lists, while pausing special port fees for U.S.-linked vessels and a shipbuilding supply chain security probe.
These measures follow a November 6 videoconference where U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent pressed Chinese Vice Premier He Lifeng to fulfill commitments regarding critical minerals and agricultural exports. The current extensions build upon a November 2025 agreement between President Donald Trump and President Xi Jinping and a September summit in Washington where both nations proposed a $60-billion reciprocal tariff cut package.
The diplomatic coordination precedes an expected meeting between President Trump and President Xi at the APEC leaders' summit in China next week.
