China Extends 24% US Tariff Pause, Keeps 10%

China extended its suspension of an additional 24% tariff on U.S. goods through January, while keeping a 10% tariff in place. The extension, effective November 10, prevents the higher rate from snapping back as the existing truce was set to expire and preserves the current status quo rather than delivering new tariff relief. Beijing also extended its pause on special fees for U.S. ships docking at Chinese ports until January 10. The decision comes ahead of an expected meeting between President Donald Trump and President Xi Jinping at next week’s APEC summit.