US and China extend their tariff truce to Jan 10, 2027

The news

The US and China have extended their trade truce by two months, keeping key tariff and shipping measures on hold into January 2027. The previous measures were due to expire Nov 10.

China keeps its additional 24% tariff on US goods suspended but still charges 10%, its State Council said.
The US keeps its Section 301 fees on China-linked ships suspended and extends 178 tariff exclusions for Chinese goods.

Why it matters: Shippers get two more months without the suspended tariffs and port fees, but the reprieve now runs only through Jan 10.

The details

China also extended its waivers on export controls covering certain critical minerals and related technologies through Jan 10. Measures against 11 US companies on its unreliable entity list and 16 on its export control list will also remain suspended, along with sanctions on five US-linked units of Hanwha Ocean.

China’s Transport Ministry will keep special port fees on US-linked ships suspended until Jan 10.
Beijing will also keep its investigation into shipping and shipbuilding supply chain security on hold.

The two sides also proposed a $60 billion package of reciprocal tariff cuts following a September summit, but the deal is not yet final. The package includes about $17 billion in US agricultural goods that China imported in 2024.

US Trade Representative Jamieson Greer pressed China on agricultural purchases, rare earths and other critical minerals during a call with Vice Premier He Lifeng.
China said it will monitor the US’s next steps and may adjust its countermeasures.

US imports from China also climbed to their highest level since early 2025 in September. Imports reached $31.5 billion, up 34% from a year earlier, according to Census Bureau data.

Imports had fallen to $18.9 billion in June 2025 after US tariffs on Chinese goods surged that April.
They were last higher in February 2025, when imports reached $31.7 billion.