Beijing: In a significant recalibration of its trade strategy, China has announced the suspension of an additional 24 percent tariff on imports from the United States while maintaining a residual 10 percent levy. The decision, confirmed by the Customs Tariff Commission of the State Council, is seen as a measured step towards stabilizing trade relations between the world’s two largest economies.

The tariff suspension, effective immediately, will remain in force for one year. According to Beijing, the move is intended to “promote balanced trade growth” and “support mutual economic recovery” following years of disruptions caused by the prolonged U.S. China trade dispute. The decision follows a recent high-level meeting between President Xi Jinping and former U.S. President Donald Trump, wh

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