China on Monday said it has extended the suspension of its additional 24% tariff on US imports and special port fees on US-linked ships for two months.

Beijing will continue to suspend the 24% additional tariff rate on imports originating in the US for two months but keep the 10% additional tariff rate in place, state-run Xinhua News reported, citing the Customs Tariff Commission of the State Council.

After September’s Washington summit between US President Donald Trump and his Chinese counterpart Xi Jinping, both sides proposed a $60 billion package of reciprocal tariff cuts, including roughly $17 billion worth of US farm goods that China imported in 2024.

The plan has yet to be finalized.

China is extending the tariff suspensions to implement the “outcomes and consensus reached at the Washington meeting between the heads of state of China and the United States,” the State Council said in a statement.

China has noted that the US side has repeatedly stated its intention to replace the tariffs under the International Emergency Economic Powers Act, which have been ruled invalid, with Section 301 tariffs, the statement added.

“China will continue to closely follow the U.S. side’s subsequent moves and adjust its relevant tariff countermeasures in light of the situation,” it further said.

In a related move, China’s Ministry of Transport announced Monday that it would continue to suspend the collection of special port fees on US-linked ships and its investigation into the impact on the security and development interests of the shipping and shipbuilding industries and related industrial and supply chains until Jan. 10, 2027.

Beijing first announced a one-year suspension of the special port fees and the probe in November last year in line with the consensus reached during China-US economic and trade talks in Kuala Lumpur, Malaysia.

The move coincided with Washington’s suspension of the final measures of its investigation into China’s maritime, logistics and shipbuilding sectors. (AA)