China Extends Suspension of 24% Tariffs on US Imports for Two Months

China will prolong the suspension of an additional 24% tariff on US goods for two months while keeping a 10% levy in place, according to the Ministry of Finance. The extension, which begins at 13:01 local time on Tuesday, avoids an immediate tariff snapback following an initial trade truce set in 2025. The decision stabilizes near-term trade conditions ahead of the APEC summit in China, where US President Donald Trump and Chinese President Xi Jinping are scheduled to meet.