China extends suspension of additional 24% tariff on US goods

China will continue to suspend the 24 percent additional tariff rate on imports originating in the United States for two months while keeping the 10 percent additional tariff rate in place, according to the Customs Tariff Commission of the State Council on Monday.

The adjustment, effective from 1:01 p.m. on November 10, implements the outcomes and consensus reached at the meeting between the Chinese and US heads of state in Washington, the commission said in an online statement.

The move adjusts the additional tariff measures stipulated in the Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, in accordance with the country's tariff law, customs law and foreign trade law, as well as the basic principles of international law.

China has noted that the US side has repeatedly stated its intention to replace the tariffs under the International Emergency Economic Powers Act, which have been ruled invalid, with Section 301 tariffs, the commission said.

China will continue to closely follow the US side's subsequent moves and adjust its relevant tariff countermeasures in light of the situation, the commission said.

The continued suspension of part of the additional tariffs on US imports is conducive to providing a relatively stable and predictable policy environment for cooperation between enterprises of both countries and to promoting the sustained and steady development of China-US economic and trade relations, it added.