US Tariff on China: Beijing Suspends 24% Duties but Keeps 10% Levy in Place
On 5 November 2025, China announced it would suspend a 24 % tariff rate on U.S. goods for one year but keep a 10 % levy in place. This step signals a shift in the tense trade relationship between the world’s two largest economies. At the same time, Beijing lifted certain duties on U.S. agricultural…