China has delayed the implementation of a proposed additional 24% import tariff on US goods for two months, Bloomberg reports. However, Beijing will maintain its standing 10% tariff on shipments from the United States and has agreed to refrain from levying special port charges on US vessels calling at Chinese ports through January 10.
In addition to the tariff pause, Chinese authorities extended a two‑month freeze on trade and export controls targeting 27 US companies. Restrictive measures affecting American units of South Korea’s Hanwha Ocean were also placed under the moratorium. The steps provide a temporary breathing space in the bilateral trade confrontation and reduce the immediate risk of a fresh escalation in trade barriers.
Beijing stressed it will continue to monitor Washington’s actions closely, particularly moves to replace earlier emergency tariffs struck down by the US Supreme Court with new levies under Section 301 of the Trade Act. Protectionist pressures are intensifying on other fronts as well: the European Union has signaled plans to follow Washington’s lead by considering defensive measures to curb Chinese imports in chemicals, furniture, and machinery.
