September 25, 2026

U.S. and China Announce $30 Billion Tariff Cuts on Select Goods

The U.S. and China released lists of products worth $30 billion each that will see tariff cuts, including agricultural goods, personal care products, and toys.
Tariff rates on over 90% of these products will be reduced to 'most-favored-nation' levels, effectively eliminating country-specific tariffs.
The agreement aims to enhance trade cooperation and may be adjusted annually, though sensitive goods like chips and electric vehicles are excluded.

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