U.S. and China Release Reciprocal $30B Product Lists for Tariff Cuts
The lists cover mostly consumer goods and farm products, and officials said the cuts could improve market access for about 30% of U.S. exports to China.
- On Monday, the United States and China released reciprocal lists of goods worth $30 billion each eligible for tariff reductions, following Chinese President Xi Jinping's three-day state visit to Washington.
- The U.S.-China Board of Trade, established in Beijing last May, developed the '30-for-30' framework to identify non-sensitive products for favorable tariff treatment, excluding strategically significant items like semiconductors and batteries.
- China's list covers 1,619 U.S. export categories including agricultural commodities and medical equipment, while the U.S. list features 77 categories of Chinese consumer goods such as toys, tableware, and holiday decorations.
- U.S. Trade Representative Jamieson Greer stated the deal helps secure market access for American farmers and manufacturers, though some experts say the $30 billion scale may limit broader economic impact.
- President Donald Trump and Xi are scheduled to meet again in November at the Asia-Pacific Economic Cooperation summit in Shenzhen and in December at the Group of 20 summit in Florida.
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87 Articles
Pittsburgh Post-Gazette
Washington TimesU.S. and China release reciprocal $30 billion product lists for tariff cuts after Trump-Xi meeting
HONG KONG — The United States and China released Monday reciprocal lists of products worth about $30 billion each that will see tariff cuts, from...
US-China Trade Truce: China and the US had mutually agreed to reduce tariffs on imported goods worth $30 billion each (approximately ₹2.5 lakh crore), and now the Chinese Commerce Ministry has announced the implementation of this decision.
China and U.S. Reach $30 Billion Reciprocal Tariff-Cut Deal
China and U.S. Reach $30 Billion Reciprocal Tariff-Cut Deal - More than 90% of products covered by the arrangement will be exempt from all additional tariffs imposed by the two sides and instead receive most-favored-nation tariff treatment
The US and China extended the trade truce until January 10, 2027, and also agreed to reduce duties on goods worth $60 billion under the “30 by 30” scheme.
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