7 hours ago
Last Updated:August 12, 2025, 07:59 IST
China and the US have extended their tariff truce for 90 days. Beijing also suspended 24 percentage points of additional tariffs on certain US imports while retaining a 10% rate.
US President Donald Trump, right, chats with Chinese President Xi Jinping (Photo: AP)
China has suspended 24 per cent in additional tariffs on US goods for 90 days, beginning August 12, the Global Times reported. The move comes as the Customs Tariff Commission of the State Council aims to implement the consensus reached in the China-US economic and trade consultations.
According to the report, the council said it will modify the additional tariffs on articles of the US set forth, by suspending 24 percentage points of that rate for an additional period of 90 days.
It would also retain the remaining additional ad valorem rate of 10 per cent on those articles.
The report came hours after the United States and China on Monday extended a tariff truce for another 90 days, staving off triple-digit duties on each other’s goods as US retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.
US President Donald Trump announced on his Truth Social platform that he had signed an executive order suspending the imposition of higher tariffs until 12.01 am EST (0501 GMT) on November 10, with all other elements of the truce to remain in place.
China’s Commerce Ministry also issued a parallel pause on extra tariffs early on Tuesday, also postponing for 90 days the addition of US firms it had targeted in April to trade and investment restriction lists.
“The United States continues to have discussions with the PRC to address the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns," Trump’s executive order stated, using the acronym for the People’s Republic of China.
“Through these discussions, the PRC continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national security matters," it added.
The tariff truce between Beijing and Washington had been due to expire on Tuesday at 12.01 am EDT (0401 GMT). The extension until early November buys crucial time for the seasonal autumn surge of imports for the Christmas season, including electronics, apparel and toys at lower tariff rates.
Vani Mehrotra is the Deputy News Editor at News18.com. She has nearly 10 years of experience in both national and international news and has previously worked on multiple desks.
Vani Mehrotra is the Deputy News Editor at News18.com. She has nearly 10 years of experience in both national and international news and has previously worked on multiple desks.
August 12, 2025, 07:59 IST
News world China Suspends 24% Additional Duties On US Goods After Trump Extends Tariff Truce By 90 Days
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