China will extend its suspension of an additional 24% tariff on U.S. imports for another two months beginning at 1:01 p.m. Tuesday, while retaining an existing 10% tariff on American goods, the Chinese State Council announced.

The decision follows a September summit in Washington between President Donald Trump and Chinese President Xi Jinping, where the two countries proposed a $60 billion package of reciprocal tariff reductions. The plan includes approximately $17 billion worth of American agricultural imports, reflecting the value of U.S. farm goods China imported in 2024. However, the broader agreement has yet to be finalized.

China's tariff commission said the extension is intended to implement the agreements reached during the meeting between the two leaders. Beijing also acknowledged Washington's stated plans to replace tariffs imposed under the International Emergency Economic Powers Act (IEEPA), which have been invalidated by judicial rulings, with tariffs under Section 301 of the Trade Act.

China said it would closely monitor subsequent U.S. actions and adjust its own tariff measures as developments warrant.

The council said maintaining the suspension would help provide a stable and predictable environment for bilateral trade while promoting continued economic and commercial relations between the two countries.