China extends US trade truce by two months

China has kept several trade restrictions on hold for another two months, The Express Tribune reported on Monday, as the existing pause was due to end Tuesday. The move comes ahead of an expected meeting between Chinese President Xi Jinping and US President Donald Trump at next week’s APEC summit in China.

A 24% additional tariff on US imports will stay suspended for two months from Tuesday, while a 10% tariff remains in place. China also extended waivers on some critical-mineral export controls, restrictions affecting US firms, port-fee suspensions for US-linked vessels and sanctions affecting five Hanwha Ocean units until January 10, 2027. A proposed package of reciprocal tariff reductions worth $60 billion, including about $17 billion in US farm goods, has not been finalised.