China extends suspension of 24% additional tariff on U.S. goods for two months

China will continue to suspend the 24% additional tariff rate on imports originating in the United States for two months while keeping the 10 percent additional tariff rate in place, according to the Customs Tariff Commission of the State Council.

The adjustment, effective from 1:01 p.m. on Nov. 10, implements the outcomes and consensus reached at the meeting between the Chinese and U.S. heads of state in Washington, the commission said in an online statement.