US-China tariff cuts: $30 billion trade relief plan unveiled; check full list of goods
- On Monday, the US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, following a summit between President Donald Trump and Chinese President Xi Jinping.
- Xi's state visit to Washington last week yielded $60 billion in bilateral trade relief, though this represents a fraction of the $415 billion in total goods exchanged between the nations in 2025.
- About 90% of covered products will see tariffs reduced to most-favoured-nation rates; the US list includes 77 entries like fireworks and toys, while China listed 1,619 goods including meat, seafood, dairy, and coal.
- Shares of Chinese appliance makers Joyoung and Bear Electric Appliance rose 10% and 9.5% respectively after the announcement; the nations also established an Agricultural Working Group to hold its first meeting by year-end.
- Negotiations continue despite unresolved disputes over export controls and Taiwan; officials aim to support progress toward a $17 billion annual goal for US agricultural products by 2028, with two more meetings between Trump and Xi scheduled for 2026.
40 Articles
40 Articles
The White House published this Sunday a list of products that can benefit from tariff reductions under an agreement of US$30 billion (about R$155.5 billion) with China, without specifying the rates or schedule. Washington and Beijing signed a fragile trade truce in October 2025, after a tariff escalation initiated by Donald Trump, which China responded with its own rates. This suspension was extended until January 10.
(Beijing=Yonhap News) Correspondent Han Jong-gu = As a follow-up measure to the economic and trade agreement ratified at the U.S.-China summit, China [is] [offering] $30 billion (approximately 40.8 trillion won) each to...
About 90% of products covered would see tariffs fall to most-favored-nation rates under the framework
The White House on Sunday released lists of goods that could be subject to lower tariffs under the deal with China. The agreement covers $30 billion worth of goods from both countries, but it did not specify specific tariffs or timelines for their implementation.
China announced that it would push for increased imports, stating that it has included U.S. coal in the $30 billion (approximately 40.8 trillion won) reciprocal tariff reductions agreed upon with the United States. The Chinese Ministry of Commerce made this statement on the 28th, releasing explanatory materials on the results of the 8th U.S.-China economic and trade negotiations held in New York and Washington from the 20th to the 23rd. Accordin…
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