China Suspends 24% Tariff on U.S. Goods, Keeps 10% Duty to Support Trade Stability
China’s State Council Tariff Commission announced on Wednesday that it will suspend the additional 24% tariff on U.S. goods for one year, while retaining the existing 10% levy. The move comes as part of an effort to implement agreements made during recent China–U.S. trade consultations.
According to the official statement, the tariff adjustment was approved by the State Council and will take effect at 13:01 local time on November 10, 2025.
China Seeks to Stabilize Economic Ties with the U.S.
The Tariff Commission said the suspension aims to support the “healthy, stable, and sustainable development” of China–U.S. economic and trade relations, while also benefiting businesses and consumers in both nations.
The decision highlights Beijing’s intention to ease trade tensions and promote smoother cooperation between the world’s two largest economies.
Policy Shift Follows Trump–Xi Meeting
The announcement follows a recent meeting between President Xi Jinping and President Donald Trump in South Korea, where both leaders reaffirmed their commitment to improving bilateral trade relations.
Analysts say the move marks a measured step toward de-escalation, signaling a possible new phase of stability and negotiation in global trade policy between the U.S. and China.
