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China to extend suspension of 24% US tariffs for two months from Nov. 10
China’s Finance Ministry said in a statement on Monday that it will extend the suspension of an additional 24% tariff on imports from the United States (US) for two months, effective November 10.
The Ministry stated that it will maintain 10% tariffs, but the details of how long the suspension will last are not yet known.
This comes ahead of US President Donald Trump and Chinese President Xi Jinping’s expected meeting at APEC in China next week.
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