China extends suspension of extra tariffs on US imports by two months
China has extended its suspension of a 24% additional tariff on some US imports for another two months, while a 10% tariff remains in place.
Key Takeaways
AIChina's Ministry of Commerce has announced an extension of the suspension of an additional 24% tariff on certain US imports for another two months.
The ministry clarified that a 10% tariff will remain in effect during this period.
China initially imposed the 24% tariff on specific US imports in April 2023, but later suspended it temporarily following several rounds of trade negotiations.