China suspends tariff hike on US goods for additional 90 days

China extends suspension of 24% tariff hike on US goods for 90 days while keeping a 10% duty in place starting Tuesday. - REUTERS
China will continue suspending tariff hike on U.S. goods for 90 days starting 12:01 Tuesday, the Customs Tariff Commission of the State Council announced.
AI Brief
- China will continue suspending 24% of its additional tariffs on US goods for another 90 days.
- A 10% additional duty on US imports will still apply during the suspension period.
- China is modifying its tariff strategy as part of ongoing trade negotiations with the US.
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