China will keep an additional 24% tariff on U.S. imports suspended for two more months, while a separate 10% tariff stays in place, under a decision that takes effect at 1:01 p.m. on November 10. The move, approved by China's State Council, pushes back a trade truce that was otherwise due to expire Tuesday, giving both economies more breathing room just as their leaders prepare to sit down together again.
The Customs Tariff Commission of the State Council said the tariff adjustment implements outcomes and consensus reached during the Washington meeting between the two countries, according to english.news.cn. Beijing also said it would keep watching what Washington does next and adjust its own tariff countermeasures accordingly, per the same report. A separate english.news.cn report says the State Council-approved decision on special port fees and the shipping and shipbuilding supply-chain security investigation implements outcomes from the eighth round of China-U.S. economic and trade consultations.
The timing lines up with a bigger moment on the calendar: Chinese President Xi Jinping is expected to meet U.S. President Donald Trump at the APEC leaders' summit in China next week, their third meeting of the year after the two leaders already sat down twice in 2026, including a Washington summit in September. That earlier Washington meeting is where the current round of tariff detente traces back to, with China saying its latest extension implements the outcomes and consensus reached there.
Shipping Fees And Hanwha Ocean Sanctions Also Pushed Back
Beyond the headline tariff number, China's Ministry of Transport said it would continue suspending special port fees on U.S.-linked ships and keep a shipping and shipbuilding supply-chain security investigation on hold, this time until January 10, 2027, according to the same english.news.cn report on the State Council decision. That suspension was first put in place a year earlier: China originally announced a one-year pause on the port fees and the supply-chain probe on November 10, 2025, synchronized with a U.S. suspension of the final measures in its own Section 301 investigation into China's maritime, logistics and shipbuilding sectors.
China's commerce ministry separately said it would keep countermeasures against five U.S.-linked subsidiaries of South Korea's Hanwha Ocean suspended for another two months, starting Tuesday, per english.news.cn. Those countermeasures were first introduced on October 14, 2025, then suspended for a year beginning November 10, 2025, the outlet reported. Export-control waivers for certain critical minerals and related technologies were also extended until January 10, 2027, china's commerce ministry said.
Dozens Of US Firms Remain Off China's Restricted Lists
The reprieve extends to specific American companies as well. Measures affecting 11 U.S. firms on China's unreliable entities list and 16 firms on its export control list will remain suspended until January 10, 2027, according to timeslive.co.za. China also said the United States has repeatedly signaled plans to use Section 301 tariffs to replace tariffs imposed under the International Emergency Economic Powers Act, which China said have been ruled invalid, according to english.news.cn.
Not everything from the September Washington summit has been locked in, though. Both sides had proposed a $60 billion package of reciprocal tariff cuts, including roughly $17 billion worth of U.S. farm goods that China imported in 2024, but the outlet reported that plan has yet to be finalized. U.S. Treasury Secretary Scott Bessent said in September that the two-month extension would give both sides more time to explore economic possibilities, as The Journal Record reported.
Shippers Rush Orders As Deadline Uncertainty Lingers
The uncertainty over whether the truce would hold has already rippled through global shipping. Shippers have been rushing their orders, creating an early peak season partly because of uncertainty over the scheduled expiration of the tariff waivers, with Chinese ports reporting record volumes, according to the Maritime Executive. The fresh two-month extension buys importers and exporters more predictability, at least until the next deadline arrives in January.
