China suspends extra 24% tariff on US goods for two more months

China has decided to continue, for two more months, the suspension of the additional 24% customs duty imposed on goods imported from the United States.

The Customs Tariff Commission under China's State Council announced the decision on Monday.

According to the commission, the new arrangement will take effect from November 10. Under this decision, the additional 24% duty on American goods will not apply for the next two months.

The decision provides temporary relief to importers of American goods under the arrangement on additional tariffs imposed in trade between China and the United States.