Two More Months for Peace in US China Trade
War
[ABS News Service/10.11.2026]
Washington and
Beijing announced yesterday (09.11.2026) that they are extending by two months
a pause in their trade war, as part of an agreement reached in September.
The truce
otherwise would have expired yesterday, but it will now remain in place until January
10, 2027.
The United
States said it will continue to keep tariffs imposed on Chinese products
because of fentanyl trafficking at 10 percent. The original rate was 20
percent.
US Trade
Representative Jamieson Greer announced that tariff exclusions on 178 Chinese products
also will continue for an additional two months.
In addition,
USTR said it will continue holding off on imposing any tariffs or port fees as
a result of its Section 301 investigation into China's maritime and logistics
industries.
Separately,
China's Ministry of Finance said that a 24 percent tariff for US goods meant to
go into effect today will remain suspended for another two months.
Beijing also
will hold off on imposing export controls on critical minerals.
The extensions
come a week before President Trump is due to meet with Chinese President Xi on
the sidelines of the Asia Pacific Economic
Cooperation leaders’ summit.
The two sides
are hoping that meeting will result in a more permanent trade deal.
Mr. Greer and
Treasury Secretary Scott Bessent on Friday warned
Chinese Vice Premier He that Washington expects Beijing to live up to its
previous commitments if it wants the trade truce to continue.