- China's Ministry of Commerce announced on Monday that it will continue to suspend export control measures on 16 US entities for two months, starting Tuesday.
- China is extending its U.S.-China trade truce through January, keeping a 10% tariff.
- China's Commerce Ministry also gave a two-month extension to its pause on curbs covering trading and exports for 27 American firms and penalties on the U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean.
- President Donald Trump and Chinese President Xi Jinping are set to meet in Shenzhen later this month at the Asia-Pacific Economic Cooperation summit, which would be the third time in 2026 that the two leaders have held a summit.
- The suspension is part of efforts to implement the consensus of the eighth round of China-US economic and trade consultations, according to a ministry spokesperson.
China has extended its trade truce with the United States for an additional two months, maintaining a 10% tariff while suspending a 24% additional tariff on imports. This adjustment, effective from 1:01 p.m. Beijing time on Nov. 10, reflects the outcomes of discussions between President Trump and President Xi Jinping during their recent meeting in Washington.1245
The Chinese Customs Tariff Commission stated that the continued suspension aims to foster a stable policy environment for cooperation between U.S. and Chinese companies. Additionally, the Commerce Ministry announced a two-month extension of its pause on export controls affecting 16 U.S. entities, which were initially placed on the export control list in April 2025.3
The ministry emphasized that export operators wishing to send dual-use items to these entities must apply for licenses, which will be granted based on compliance with relevant laws. This decision is part of broader efforts to implement the consensus reached during the eighth round of China-U.S. economic and trade consultations.
As both leaders prepare for their upcoming meeting at the Asia-Pacific Economic Cooperation summit in Shenzhen, this extension signifies a commitment to ongoing dialogue and cooperation amidst ongoing trade tensions.
“The extension also covers 27 American firms and penalties on Hanwha Ocean's U.S. subsidiaries, part of implementing the eighth round of China-US economic and trade consultations. The upcoming Shenzhen meeting would be the third Trump-Xi summit in 2026.”
QuartzCGTN
