China extends US trade truce by two months
SPY•China extended its trade truce with the United States by two months, keeping a 24% additional tariff on US imports suspended while a 10% tariff remains. Other suspensions, including measures involving critical minerals and US-linked vessels, were extended through January 10, 2027.
1. Tariff suspension extended
China on Monday extended its trade truce with the United States by two months, after the truce was due to expire Tuesday. A 24% additional tariff on US imports will remain suspended, while a 10% tariff will stay in place.
2. Other measures continue
China extended export-control waivers for certain critical minerals and related technologies through January 10, 2027. Measures affecting US firms, special port fees on US-linked vessels and a probe into shipping and shipbuilding supply chain security will also remain suspended. The extensions follow proposals by both sides for a $60 billion package of reciprocal tariff cuts, including roughly $17 billion in US farm goods imported by China in 2024; the plan has not been finalized.
