China Extends Pause on Retaliatory Tariffs on US Goods, Rare-Earth Export Curbs by 2 Months
The decision effectively extends the trade truce until January and came just days before an expected meeting between Trump and Xi in Shenzhen this month.
TL;DR
- China extends the suspension of an additional 24 percent tariff on U.S. products for two months.
- Port fees on U.S.-linked ships and rare-earth export controls will also be suspended for two months.
- This extension implements a September deal between Xi Jinping and Donald Trump.
- The trade truce with the United States is effectively extended until mid-January.
- The tariff pause takes effect on November 10, with China continuing a 10 percent duty on U.S. imports.