Tuesday, November 10

China Extends US Trade Truce by Two Months

China Extends US Trade Truce by Two Months

BEIJING, 9 November, 2026 (Kamran Raja): China has extended its trade truce with the United States by two months, easing tensions ahead of an expected meeting between President Xi Jinping and US President Donald Trump at next week’s APEC summit. Under the decision, China will continue suspending an additional 24 percent tariff on US imports, while the existing 10 percent tariff remains in place. Beijing will also extend exemptions on certain export controls and suspend measures targeting US companies until January 10, 2027. The move follows understandings reached during the leaders’ September meeting in Washington, where both sides discussed a proposed tariff-reduction package covering around $60 billion in goods. China said it would monitor Washington’s future trade measures and adjust its response accordingly.