Beijing:China will continue to suspend the 24 percent additional tariff rate on imports originating in the United States for two months while maintaining the 10 percent additional tariff rate, as announced by the Customs Tariff Commission of the State Council on Monday.
According to Wam, the adjustment, which takes effect from 10th November, implements the outcomes and consensus reached at the meeting between US President Donald Trump and Chinese President Xi Jinping in Washington.
The continued suspension of part of the additional tariffs on US imports aims to provide a stable and predictable policy environment for cooperation between enterprises of both countries, promoting the sustained and steady development of China-US economic and trade relations, the commission added.