U.S. and China agree to cut tariffs on $30 billion in goods
The White House said the United States and China have reached an agreement on more favorable tariffs on $30 billion worth of non-sensitive goods in bilateral trade, a move described as the main focus of the latest round of talks between the two countries.
According to the White House, the deal covers non-sensitive goods in both directions. The two countries have also simultaneously created a working group to remove market-access barriers in the agricultural sector, it said.
The U.S. export list includes agricultural products, seafood, timber, cosmetics and medical equipment. U.S. imports from China include small household appliances, toys, decorations and child car seats.
The White House also said China has committed to importing at least 10 million tonnes of coal from the United States each year in 2027 and 2028. The two sides also discussed U.S. concerns over shortages of rare earth elements and other critical minerals, as well as returning shipment levels to an appropriate level.
According to the White House, Xi Jinping and Donald Trump also discussed a number of global issues, including Russia, North Korea and Iran. The White House claimed both sides stressed that Iran must not obtain a nuclear weapon.
The White House added that the two countries emphasized the creation of stable strategic relations and also consulted on arms control between the United States, Russia and China. The two sides also agreed to use the term “superintelligence” for related emerging technologies and to launch a bilateral dialogue on the risks and benefits of these technologies.
The first meeting in these talks is scheduled to be held by November 2026. The White House did not release further details on when the tariff agreement will take effect or how it will be implemented.
