Source: Bloomberg
“China will suspend an additional 24% tariff on [Chinese buyers of] US goods for another two months, formalizing a decision by the two countries’ leaders to prolong their trade truce until next January. The move will take effect at 1:01 p.m. Beijing time on Tuesday, with a 10% blanket tariff retained on [Chinese buyers of] US imports, the Customs Tariff Commission of the State Council said in a statement. China will also extend its suspension of special fees on American ships docking at its ports until Jan. 10, the Transport Ministry said in a separate statement on Monday.” (11/09/26)