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 products starting 10 November, although key items like soybeans remain subject to elevated tariffs.
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