China said on Wednesday (November 5, 2025) it would extend a suspension of additional tariffs on U.S. goods for one year, making official an agreement reached in talks between presidents Xi Jinping and Donald Trump last week.
The two leaders held talks in South Korea at the end of October that effectively prolonged a delicate truce for a year, after several rounds of trade negotiations in recent months.
A statement published Wednesday (November 5, 2025) on the Ministry of Finance website, citing Beijing's State Council, said that "for one year the 24 percent tariff on US goods will continue to be suspended, (and) a
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