China keeps 10% tariff on US goods, pauses 24% for two months

The two-month extension is a rolling truce rather than a resolution: Beijing is keeping the 10% floor in place while buying time on the suspended 24%, which signals the Washington consensus is being implemented incrementally and remains reversible. For importers and cross-border supply chains, the practical effect is continuity in landed costs, but the short window means planning horizons stay compressed. Whether the suspension is extended again before it lapses is the open question, and it will be read as a gauge of how durable the leadership-level understanding is.