US extends China tariff pause until January 10

US Treasury Secretary Scott Bessent has announced a two-month extension of the tariff pause in the ongoing trade dispute with China. The deadline for the pause has been moved from November 10 to January 10.

This development occurs amid heightened tensions regarding export controls on semiconductors and rare earth elements critical for artificial intelligence development. While the US has signaled this extension, the Chinese government has not yet provided immediate confirmation, and the Chinese Ministry of Foreign Affairs stated it was not responsible for the matter addressed by Bessent.

The trade conflict escalated in early 2025, with the US raising import tariffs on Chinese goods to as high as 145 percent, prompting China to respond with retaliatory tariffs of up to 125 percent and export controls on strategic raw materials.