China extends pause on additional 24% tariffs on US goods, retains 10% rate
China announced a further two-month suspension of additional 24% tariffs on US goods, while retaining a 10% blanket tariff. The extension takes effect at 1:01 p.m. Beijing time on Tuesday and formalizes the leaders’ agreement to prolong their trade truce into January. China will also extend the suspension of special fees on American ships docking at its ports until Jan. 10.