economyFeaturedTrump China tariff deal

Trump, Xi Agree to Lower Tariffs on $60 Billion in U.S.-China Trade

The United States and China are moving to lower tariffs on roughly $60 billion in two-way trade, opening new market access for American farmers, energy producers, and manufacturers after President Donald Trump and Chinese President Xi Jinping met in Washington last week.

Under the new “30-for-30” framework, each country identified about $30 billion in non-sensitive goods that could receive more favorable tariff treatment.

U.S. Trade Representative Jamieson Greer said the arrangement could improve access for roughly 30% of U.S. exports to China.

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The American products include agricultural goods, fish and seafood, wood products, cosmetics and medical devices. China’s list covers more than 1,600 U.S. products, including corn, wheat, frozen meat and seafood.

The White House also says China committed to import at least 10 million metric tons of U.S. coal in 2027 and another 10 million in 2028.

On the U.S. side, lower tariffs will apply to 77 categories of Chinese goods, including toys, tableware, kitchen products, curtains, electric shavers and inflatable balls.

The agreement follows Trump and Xi’s Washington summit and builds on the U.S.-China Board of Trade, which the two leaders created earlier this year to manage commerce in non-sensitive goods.

Greer said the administration will continue pressing China to meet commitments on agricultural and energy purchases while seeking more access for American producers.

“The Trump Administration will continue to pursue fair, balanced, and reciprocal trade with China by ensuring compliance with commitments on agricultural and energy purchases, pursuing balanced trade in non-sensitive goods, and securing market access for American farmers, manufacturers, businesses, and workers,” he said.

The deal does not unwind the broader U.S.-China tariff system or restrictions covering strategically sensitive sectors.

But for tens of billions of dollars in ordinary trade, Washington and Beijing just lowered another barrier.



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