China extended its suspension of a 24% additional tariff on US imports, special port fees on US-linked ships and new rare earth export controls for two months. A 10% tariff stays in place, and the extensions preserve part of the deal struck after the Xi-Trump summit while talks on a lasting trade agreement continue.
China extended the suspension of its additional 24% tariff on US imports and the suspension of special port fees on US-linked ships for two months on Monday. The state council said a 10% tariff will remain.
Tariff and port fee pauses run to January
The 24% tariff will stay suspended for two months from 1:01 p.m. (0501 GMT) on Tuesday, according to the state council. China's transport ministry said the port fee suspension runs until January 10, 2027. The ministry is also continuing to suspend a probe into shipping and shipbuilding supply chain security.
The council's tariffs panel said the extension implements the outcomes and consensus reached at the Washington meeting between the heads of state. Continued suspension, it said, will help ensure a stable and predictable policy environment for ties.
Rare earth controls pause extended too
Separately, China's Ministry of Commerce said the pause on new rare earth export controls will be extended for two months until January 10. It gave no other details, according to Reuters.
Beijing introduced export controls on certain rare earths in April 2025 and expanded them in October of that year, adding controls on certain industrial diamonds and lithium battery technology. The measures were then paused for one year after a summit in South Korea between Xi and Trump.
Washington's tariff plans stay in focus
China said it has noted that the US side has repeatedly stated an intention to use Section 301 tariffs to replace tariffs imposed under the International Emergency Economic Powers Act that judicial rulings have held invalid. It will follow subsequent US measures and adjust its tariff countermeasures as appropriate.
After September's Washington summit, both sides proposed a $60-billion package of reciprocal tariff cuts, though the plan has yet to be finalised. Trump is set to travel to Shenzhen later this month for an APEC leaders summit, where he is expected to meet Xi.
Sources: Commodities & Futures News (Reuters, tariffs and port fees), Commodities & Futures News (Reuters, rare earths)
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