China to suspend additional 24% tariffs on US goods, extend trade truce by two months

China will suspend retaliatory measures such as an additional 24% tariff on US goods for another two months, formalizing a decision by the two countries’ leaders to prolong their trade truce until next January. The tariff move will take effect at 1:01 p.m. Beijing time on Tuesday, with a 10% blanket tariff retained on US imports, the Customs Tariff Commission of the State Council said in a statement. China will also hold off from charging special fees on American ships docking at its ports until Jan. 10, the Transport Ministry said in a separate statement on Monday. Additionally, China’s Commerce…