China Delays 24% US Tariffs Until January, Retains 10% Levy

WHO:

Bloomberg Markets - China and the United States are the countries involved in the trade truce.

IJR - China and the United States are involved in the tariff arrangements.

IJR - Trump and Xi are expected to meet at next week’s APEC summit.

WHAT:

Bloomberg Markets - China will suspend an additional 24% tariff on U.S. goods for another two months.

Bloomberg Markets - The suspension formalizes the countries’ leaders’ decision to prolong their trade truce until next January.

IJR - China extended the suspension of an additional 24% tariff on U.S. goods until Jan. 10, 2027.

IJR - China retained a 10% tariff.

IJR - The move preserves the status quo rather than providing new tariff relief.

WHEN:

Bloomberg Markets - The additional 24% tariff suspension is extended for another two months; the trade truce is prolonged until next January.

IJR - The 24% tariff suspension runs until Jan. 10, 2027.

IJR - A Trump-Xi meeting is expected at next week’s APEC summit.

WHY:

IJR - The extension avoids a possible breakdown of the trade truce ahead of the expected Trump-Xi meeting at the APEC summit.

HOW:

Bloomberg Markets - China formalized the leaders’ decision to prolong the trade truce by suspending the additional 24% tariff for another two months.

IJR - China maintained the 10% tariff while extending the suspension of the additional 24% tariff.

(UPDATED November 9, 2026 09:59 UTC)

China extended its suspension of an additional 24% tariff on U.S. goods through January 10, 2027, preserving the trade truce. Beijing retained its 10% tariff, offering no new relief. Trump and Xi are expected to meet next week at the APEC summit.