GeopoliticsMedium•28 September 2026•
1 min read
US and China to Lower Tariffs on $60 Billion of Goods
Key Facts
1The U.S. and China are planning to reduce tariffs on $30 billion worth of goods from each country.
2The U.S. list includes toys and sports equipment, while China's list features American agricultural products prominently.
The United States and China are planning to reduce tariffs on $30 billion worth of goods from each country, totaling $60 billion in trade volume. CNBC reported that the U.S. list primarily includes toys, sports equipment, and Christmas decorations, while China's list focuses on American agricultural products.
This reduction follows a broader agreement reached between the two nations to de-escalate trade tensions and initiate a dialogue on artificial intelligence. The release of detailed lists for qualifying goods provides clarity for the retail and agricultural sectors through this reciprocal trade action.