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U.S. and China Release Reciprocal $30B Product Lists for Tariff Cuts
The lists cover 1,619 U.S. goods and 77 Chinese categories, while more than 90% of covered products would get most-favored-nation rates.
- 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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U.S., China release $60 bil. nonsensitive product lists for tariff cuts after Trump-Xi meeting
The United States and China on Monday released reciprocal lists of nonsensitive products worth about $30 billion each that will see tariff cuts, from American hair products to Chinese toys, in a deal expected to help bolster bilateral trade.
·Tokyo, Japan
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China and the United States have released reciprocal lists of products worth about $30 billion each for tariff cuts under the newly established Board of Trade framework, a move that is expected to further strengthen bilateral trade, the Ministry of Commerce said on Monday.
·Beijing, China
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Total News Sources253
Leaning Left34Leaning Right41Center68Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 24%
C 47%
R 29%
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