U.S. and China Release Reciprocal $30B Product Lists for Tariff Cuts
More than 90% of the covered goods will face most-favored-nation rates, and the lists exclude strategic sectors such as semiconductors and electric vehicles.
- 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.
170 Articles
170 Articles
U.S. and China pledge tariff cuts on $60B in goods | Honolulu Star-Advertiser
BEIJING >> China and the United States said they will pursue tariff cuts on $60 billion worth of goods imported from each other, including products from U.S. corn to cosmetics, and from Chinese toys to household appliances, with some notable omissions on each side.
China and the U.S. agree to lower tariffs for about 1,629 goods. List is varied: it includes foods such as butter, live animals such as dolphins and products such as toys or Christmas lights.
White House sets product list US, China could tax less
SAN FRANCISCO — The White House released Sunday (Monday in Manila) lists of products that could benefit from lower tariffs under an arrangement with China affecting $30 billion in goods in each direction, without specifying the rates or timetable.
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