BEIJING — China will maintain the suspension of its additional 24 percent tariff on imports from the United States for another two months, starting at 1:01 p.m. on Tuesday, November 10, while retaining a 10 percent additional tariff, China's State Council, or cabinet, said on Monday, Reuters reported. The finance ministry published the decision on its website.
Source: Reuters, Nov 9 2026
The tariff panel said the extension was being made to implement the “outcomes and consensus reached at the Washington meeting between the heads of state of China and the United States” — the September summit between President Xi Jinping and President Donald Trump. Without a fresh decision, the previous suspension was due to expire this week, and the higher 24 percent rate could have snapped back onto US goods.
Source: Reuters, Nov 9 2026
What is — and is not — settled
After September's Washington summit, the two sides proposed a $60 billion package of reciprocal tariff reductions — yaani about $6,000 crore — including roughly $17 billion worth of American farm goods that China imported in 2024 (yaani about $1,700 crore). That plan has yet to be finalised, Reuters reported, so Monday's move preserves the trade truce rather than deepening it: no rate falls, but the threatened jump back to the higher tariff is put off for two more months, taking the pause to around January 10, 2027.
Source: Reuters, Nov 9 2026
This desk reported earlier this month how China's farm purchases from the US have hinged on tariff cuts — the purchases the proposed package is meant to unlock. Read: China's farm purchases hinge on tariff cuts
Beijing is also watching Washington's next tariff move
In a separate statement, the tariff commission said China had “noted that the US side has repeatedly stated that it intends to use Section 301 tariffs to replace the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) that have been held invalid by judicial rulings.” The commission said it would closely monitor potential US moves on that front and adjust its retaliatory measures as appropriate — a warning that the truce could be revisited if Washington rebuilds its tariffs under a different legal authority.
Source: MLex, Nov 9 2026
The announcement lands a week before the APEC leaders' summit in China, where Trump has said he expects to hold a trilateral meeting with Xi and Russian President Vladimir Putin. Trade is only one file on that table — the Iran war, the Ukraine talks in Abu Dhabi and Taiwan all crowd the agenda — but for exporters on both sides of the Pacific, two more months of predictable rates is the difference between shipping and waiting. Punjabi and Indian traders, truckers and port workers across North America feel tariff swings quickly, in freight volumes and in the price of everything that moves by container.
Source: Reuters, Nov 9 2026
Trump's expected trilateral with Xi and Putin at the Shenzhen APEC summit was reported by this desk on Sunday. Read: Trump expects Xi-Putin trilateral at APEC
What is solid
- China's State Council said the suspension of the additional 24% tariff on US imports will continue for two months from 1:01 p.m. on Tuesday, November 10, with a 10% additional tariff retained — Reuters, reporting the finance ministry statement.
- Beijing says the step implements the outcomes and consensus of the Washington meeting between the two heads of state.
- The $60 billion reciprocal-cut package discussed after the September summit, including about $17 billion of US farm goods, has not been finalised — Reuters.
What is only claimed
- How Washington will rebuild its own tariff wall: Beijing says the US intends to replace the court-invalidated IEEPA tariffs with Section 301 tariffs; the US has not, in the reports carried Monday, confirmed a timetable, and China says it will adjust its retaliation 'as appropriate' if that happens.
The extension takes effect at 1:01 p.m. on Tuesday, November 10 and runs for two months. Watch three things: whether the $60 billion reciprocal package is finalised, whether Washington moves on Section 301 replacement tariffs, and what trade language — if any — comes out of next week's APEC summit in China, where Trump expects to meet Xi.