BEIJING, China: China has effectively extended its trade truce with the United States by two months, saying it will continue to suspend a range of tariffs, export controls and sanctions on U.S. companies.

China will suspend an additional 24 percent tariff on U.S. imports for two months from 1:01 p.m. (0501 GMT) on November 10, but a 10 percent tariff will remain, China's state council, or cabinet, said on November 9.

China will also extend export-control waivers for certain critical minerals and related technologies until January 10, 2027, the commerce ministry said. Measures affecting 11 U.S. firms on China's unreliable entities list and 16 on its export control list will remain suspended through to the same date.

The commerce ministry said it would also extend the suspension of sanctions on five U.S.-linked Hanwha Ocean units by two months.

China's transport ministry said it will extend the suspension of special port fees on U.S.-linked vessels until January 10, 2027, and that a probe into shipping and shipbuilding supply chain security will remain suspended.

The trade truce had been due to expire on Tuesday. Chinese President Xi Jinping and U.S. President Donald Trump are expected to meet for the third time this year at the APEC leaders' summit in China next week.

China is extending the tariff suspensions to implement the "outcomes and consensus reached at the Washington meeting between the heads of state of China and the United States," the state council's tariffs commission said.

After that September summit in Washington, both sides proposed a US$60-billion package of reciprocal tariff cuts, including roughly $17 billion worth of U.S. farm goods that China imported in 2024, though the plan has yet to be finalized.

U.S. Treasury Secretary Scott Bessent said in September the two-month extension would give the two sides "more time to see what we can do on the economic front."

The tariffs commission also said China has "noted that the U.S. side has repeatedly stated that it intends to use Section 301 tariffs to replace the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) that have been held invalid by judicial rulings."

China will "closely follow subsequent measures taken by the U.S. side and will, as appropriate, adjust relevant tariff countermeasures in light of developments," it added.