Economy
ARCHIVE – Chinese President Xi Jinping visited U.S. President Donald Trump in September. Photo: Jacquelyn Martin/AP/dpa/Archive photo
Keystone
In the trade dispute between the U.S. and China, Beijing is extending the suspension of certain retaliatory tariffs on imports from the United States for another two months. The measure applies to additional tariffs of 24 percent, according to an announcement by the Customs Commission of the State Council of China. At the same time, an additional 10 percent surcharge will remain in effect.
Today at 06:51The decision is the result of an agreement reached by both sides during President Xi Jinping’s recent visit to U.S. President Donald Trump in Washington at the end of September, the agency announced. The continued suspension of some of the additional tariffs will help create a stable and predictable environment for cooperation between Chinese and American companies. It is also intended to promote the positive development of trade and economic relations.
In April 2025, Beijing had mirrored Washington’s earlier moves with the additional tariffs, causing the trade dispute between the world’s two largest economies to escalate. In October of that same year, Xi and Trump agreed to suspend certain tariffs for about a year. Trump’s executive order at the time indicated that this period would have expired on November 10, 2026.
Another Meeting in Shenzhen
In just over a week, Trump and Xi could meet for the third time this year on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen, southern China. Russian President Vladimir Putin has also already announced his attendance, which has led to speculation about a joint meeting of the three heads of state.
When asked about the rumors, Trump confirmed on Sunday (local time) in the state of Florida that he would be traveling to China. “And one of the meetings, I think, will be with President Putin and President Xi,” the Republican told reporters. His prediction: It’s going to be interesting.
