China extends US trade truce by two months
China will keep an additional 24% tariff on US imports suspended while a 10% tariff remains in place, extending a truce that was due to expire the following day.
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China will keep an additional 24% tariff on US imports suspended while a 10% tariff remains in place, extending a truce that was due to expire the following day.
The US has extended its suspension of port fees on Chinese-built and Chinese-operated vessels, as well as additional duties on Chinese ship-to-shore cranes and other cargo-handling equipment, through 9 January 2027. The extension took effect on 9 November, preventing the fees from returning when an earlier suspension expired.
The original suspension began on 10 November 2025, following a trade agreement between US President Donald Trump and Chinese President Xi Jinping. China’s separate announcement on 9 November extended its trade truce, which had been due to expire the following day.
Reuters reported that China’s State Council said the additional 24% tariff on US imports would remain suspended for two months from 10 November, while a 10% tariff would remain. The council’s tariffs commission said the extension implements the outcome and consensus of the leaders' Washington meeting.
China’s Commerce Ministry extended waivers from export controls on certain critical minerals and related technologies until 10 January 2027. Measures affecting 11 US firms on its unreliable entities list and 16 on its export control list will remain suspended through that date. The ministry also extended the suspension of sanctions on five US-linked units of Hanwha Ocean for two months.
China’s Transport Ministry extended the suspension of special port fees on US-linked vessels until 10 January 2027. A probe into the security of shipping and shipbuilding supply chains also remains suspended.
gCaptain reported that the Office of the US Trade Representative said shipping companies will not incur liability for or have to pay the suspended maritime fees during the extension. It said the circumstances that justified the original suspension remain in place as
The two sides have not finalized a proposed $60 billion package of reciprocal tariff cuts put forward after the presidents' September summit in Washington. China’s tariffs commission said it would monitor subsequent US measures and adjust its tariff countermeasures as appropriate.
Trump and Xi are expected to meet at the APEC leaders' summit in China the week after China’s announcement. The US measures could resume on 10 January unless further action is taken; the US trade office said it would monitor China’s maritime and shipbuilding practices and consider another extension or other action before then.
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