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

The extension runs from 1:01 p.m. on Tuesday, November 10. Without it, the higher rate would have returned on US goods arriving in China. Importers and US exporters, including technology and farm suppliers, now have two more months of the lower rate, but no long-term certainty, while the two governments work on a broader deal.

In its statement the commission said the extension carries out the "outcomes and consensus reached at the Washington meeting" between the two heads of state, a reference to the September summit between Chinese President Xi Jinping and US President Donald Trump. It said keeping the suspension supports a stable and predictable policy environment for economic and trade ties between the two countries.

After the summit, both sides proposed a $60 billion package of reciprocal tariff cuts, according to Reuters. It includes about $17 billion of US farm goods, based on what China imported in 2024. The package has not been finalised.

Beijing also pointed to Washington's plan to use Section 301 tariffs to replace tariffs imposed under the International Emergency Economic Powers Act, which courts have ruled invalid. China said it would watch the measures the US takes next and adjust its own countermeasures as needed, leaving room to change course if the new US tariffs differ from the ones they replace.

The two-month window is shorter than earlier extensions of the same suspension. That gives both sides a near-term deadline to finish the reciprocal tariff package, and it ties China's tariff stance to how Washington rebuilds its tariff regime under Section 301. The suspension will now run into January unless Beijing extends it again.