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China to extend suspension of 24% US tariffs for two months from Nov. 10
China’s Finance Ministry said in a statement on Monday that it will extend the suspension of an additional 24% tariff on imports from the United States (US) for two months, effective November 10.
The Ministry stated that it will maintain 10% tariffs, but the details of how long the suspension will last are not yet known.
This comes ahead of US President Donald Trump and Chinese President Xi Jinping’s expected meeting at APEC in China next week.
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1Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – Bears in control, with next support at BTC $70,000, ETH around $2,000 and XRP near $12Silver Price Forecast: XAG/USD rises to near $53.00 as lower oil eases inflation pressure3China to extend suspension of 24% US tariffs for two months from Nov. 104Canadian Dollar gains despite lower oil prices5Japanese Yen strengthens despite robust US jobs data6Australian Dollar holds gains following China’s CPI data7British Pound nudges higher above 1.3350 despite strong US jobs data8PBOC sets USD/CNY reference rate at 6.7188 vs. 6.7168 previous9Breaking: China’s CPI inflation eases to 0.7% YoY in October, vs. 0.8% expected
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