China Suspends Tariffs on Some US Products Following Trump–Xi Meeting
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China said on Nov. 5 that it will suspend retaliatory tariffs on U.S. imports following a meeting between U.S. President Donald Trump and Chinese Communist Party (CCP) leader Xi Jinping in South Korea last week.
The tariff commission of China’s State Council said in a statement that it would suspend the 24 percent tariff imposed on U.S. goods in April for one year while keeping an additional 10 percent duty in place.
Beijing said the move follows “the consensus reached in the China–U.S. trade consultations” and is being implemented based on “the basic principles of international law.” The order will take effect on Nov. 10.
The CCP also said that it would suspend tariffs of up to 15 percent on certain U.S. agricultural imports starting on Nov. 10, although U.S. soybean imports will still be subject to a 13 percent tariff.
The CCP is also expected to end its retaliatory measures against U.S. semiconductor manufacturers and other major U.S. companies as part of the agreement, the White House stated.
In exchange, the United States will lower tariffs on Chinese imports by 10 percent starting on Nov. 10, bringing the overall tariff rate on Chinese imports to 47 percent.
The United States and China had imposed tit-for-tat tariffs reaching triple digits on each other in April amid escalating tensions. Numerous pauses and readjustments from both sides subsequently opened the door for the recent negotiations.


