Ammon News - China on Monday extended the suspension of its additional tariff of 24% on US imports and the suspension ​of special port fees on US-linked ships for two months.

The 24% additional ‌tariff on US imports will continue to be suspended for two months from 1:01 p.m. (0501 GMT) on Tuesday, but a tariff of 10% will remain, its ​state council, or cabinet, said.

The suspension of special port fees on ​US-linked vessels will be extended until January 10, 2027, China's ⁠transport ministry said in a statement
China is also continuing to suspend ​a probe into shipping and shipbuilding supply chain security, the ministry said.

After ​September's Washington summit of their leaders, both sides proposed a $60-billion package of reciprocal tariff cuts, including roughly $17 billion worth of US farm goods that China imported in ​2024, though the plan has yet to be finalised.

China is extending ​the tariff suspensions to implement the "outcomes and consensus reached at the Washington meeting between ‌the ⁠heads of state of China and the United States", the council's tariffs panel said in a statement.

China has "noted that the US side has repeatedly stated that it intends to use Section 301 tariffs to ​replace the tariffs ​imposed under the ⁠International Emergency Economic Powers Act (IEEPA) that have been held invalid by judicial rulings" it said.

China will "closely follow ​subsequent measures taken by the US side and will, ​as appropriate, ⁠adjust relevant tariff countermeasures in light of developments," it added.

Continued suspension of some additional tariffs on U.S. goods will help ensure a stable and ⁠predictable ​policy environment for ties and promote development ​of China–U.S. economic and trade relations, it said.


Reuters