The extension will take effect at 1:01 p.m. on November 10, said global media reports quoting the commission.
China will extend for two months the suspension of its extra 24 per cent tariff on US imports, while keeping a 10 per cent duty.
The Customs Tariff Commission said it takes effect at 1:01 p.m. on November 10, citing consensus reached in Washington.
The move follows a September proposal for $60 billion in reciprocal tariff cuts, including about $17 billion of US farm goods, not yet finalised.
The commission said the move is intended to implement the outcomes and consensus reached at the Washington meeting between the heads of state of China and the US.
After the September Washington summit between the two sides’ leaders, China and the US proposed a $60-billion package of reciprocal tariff cuts. The proposal included roughly $17 billion worth of US farm goods that China imported in 2024, though the plan has not yet been finalised.
Fibre2Fashion News Desk (KD)
