China Delays Additional Tariffs on American Imports to Extend Bilateral Trade Truce

China has extended its commercial truce with the United States for an additional two months, opting to maintain the suspension of specific retaliatory trade measures. The State Council announced that an additional 24% levy on American imports will remain paused for two months starting Tuesday afternoon, though a baseline 10% tariff stays operational. The diplomatic bridge precedes an anticipated third meeting this year between Chinese President Xi Jinping and U.S. President Donald Trump at the upcoming Asia-Pacific Economic Cooperation summit.

The regulatory relief package follows a preliminary $60 billion framework of mutual tariff reductions proposed in September, which encompasses roughly $17 billion in U.S. agricultural commodities imported during 2024. In tandem with the tariff suspension, China's Ministry of Commerce prolonged export-control waivers on select critical minerals and accompanying technologies until January 10, 2027. Administrative sanctions against 11 American enterprises on the unreliable entities registry and 16 firms on the export control list will also remain suspended through the same date.