China extends suspension of trade tariffs on US goods

On November 9, 2026, the Chinese State Council announced a two-month extension on the suspension of additional 24% tariffs on imports from the United States. This measure, which takes effect at 13:01 local time on Tuesday, aims to de-escalate trade tensions between the world's two largest economies. While the 24% surcharge remains paused, a baseline 10% tariff on American goods continues to apply.

In tandem with the tariff relief, the Chinese Ministry of Transport confirmed that the suspension of special port fees for U.S.-linked vessels will remain in effect until January 10, 2027. Additionally, China has halted investigations into supply chain security within the shipping and shipbuilding sectors. These actions follow a framework for mutual reductions proposed after the September 2026 summit in Washington between President Donald Trump and President Xi Jinping.

The current status reflects a commitment to a broader "trade truce" established by the two leaders. The initial foundation for these de-escalation efforts was laid during a meeting in October 2025 in Busan, South Korea. Beijing continues to monitor the situation, maintaining these temporary suspensions as part of a diplomatic effort to stabilize bilateral trade relations through the start of 2027.