US and China identify $60 billion in goods for reciprocal tariff cuts
publishers 56articles 61first reported 26 Sep, 18:30 UTCdeveloping since 27 Sep · 5 editionstop 25 #16
The United States and China have released lists covering about $60 billion in bilateral trade recommended for lower tariffs following last week’s meeting between Presidents Donald Trump and Xi Jinping in Washington.
Under the “30-by-30” framework, each country identified roughly $30 billion of the other’s exports for more favorable treatment. The U.S. list contains 77 categories of Chinese goods, including toys, sports equipment, Christmas decorations, kitchenware, flashlights, bed linen, artificial flowers and fish hooks.
China’s longer list covers more than 1,600 U.S. products, with agricultural goods featuring prominently. Listed items include poultry, dairy products, eggs, peanuts, noodles, canned tomatoes, lobster, foie gras, packaged pet food, coal, MRI systems and animals for breeding.
U.S. Trade Representative Jamieson Greer said the framework could improve market access for about 30% of U.S. exports to China. China’s Commerce Ministry said the arrangement would strengthen trade cooperation in agricultural products, energy, manufactured goods and consumer products.
The tariff reductions have not yet taken effect, and neither government specified when they would begin or how much individual duties would fall. Major strategic products such as semiconductors, batteries and electric vehicles are not covered in the tariff-cut lists. The two governments also said the Board of Trade would meet at least quarterly as they continue negotiations.
HOW THIS STORY WAS MADE
Written from 8 articles, 3 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 42 h after the record first saw the story; the editor revised it.
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