September 29, 2026

U.S. and China Announce Tariff Cuts on $60 Billion in Goods

The U.S. and China will cut tariffs on $30 billion worth of goods each, including consumer products and agricultural commodities.
Tariff rates on over 90% of the items will align with 'most-favored-nation' levels, reducing country-specific levies.
The deal excludes sensitive sectors like chips and electric vehicles, focusing instead on non-sensitive goods.
Both nations agreed to adjust the list of products annually as needed, aiming to boost bilateral trade.

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