US, China Cut Tariffs on $30 Billion in Goods After 3-Day Trump-Xi Summit
Updated
Updated · Fox News · Sep 26
US, China Cut Tariffs on $30 Billion in Goods After 3-Day Trump-Xi Summit
3 articles · Updated · Fox News · Sep 26
Summary
$30 billion in reciprocal tariff cuts will cover non-sensitive goods traded between the United States and China, marking the biggest easing in their trade war since 2025.
U.S. exports set for better access in China include farm goods, seafood, wood products, cosmetics and medical devices, while U.S. imports from China include small appliances, toys, holiday decorations and children's car seats.
Jamieson Greer said weeks of negotiations produced the deal, but final tariff rates and the full product list have not been released; more details are due Monday.
The agreement was reached through the new U.S.-China Board of Trade, which Trump and Xi plan to use for further tariff cuts and other disputes.
The move follows a conflict that began with Trump's 10% tariff in February 2025, escalated to 145% U.S. and 125% Chinese duties, then eased through Geneva and South Korea truces.
With a $30 billion tariff cut on everyday goods, what hidden supply chain threats remain lurking in the critical minerals sector?
As agricultural exports resume under the new truce, are farmers witnessing a genuine market recovery or just temporary government stockpiling?
US-China Strike $30 Billion Tariff Reduction and Extend Trade Truce to January 2027: Inside the September 2026 Washington Summit
Overview
The September 2026 Washington Summit between US President Donald Trump and Chinese President Xi Jinping resulted in a major breakthrough: an eight-point consensus that extends the trade truce to January 2027, introduces reciprocal tariff cuts on $30 billion of non-sensitive goods, and launches new frameworks for AI and military crisis communication. These moves, supported by the activation of a bilateral Board of Trade and a Board of Investment, sparked positive reactions in global markets and made US crops more competitive. However, experts remain skeptical about the durability of these temporary arrangements, as they lack binding enforcement and face ongoing political and economic pressures.