US and China Publish Lists for Tariff Cuts on US$60 Billion of Goods

The United States and China on Monday released reciprocal product lists covering about US$30 billion of goods each that will receive lower tariffs, days after President Xi Jinping’s state visit to Washington and President Donald Trump.

China’s commerce ministry said more than 90 per cent of the listed items would move to most-favoured-nation rates, effectively ending many country-specific duties on those products. China’s list for US imports spans 1,619 items, including agricultural goods, personal-care products, timber, medical equipment and coal—but not soybeans, a major US farm export. The US list covers 77 categories of Chinese goods such as toys, fireworks, tableware, Christmas ornaments and soccer balls. Chips, electric vehicles and other strategic sectors remain outside the deal.

US Trade Representative Jamieson Greer said the focus was “nonsensitive goods.” Analysts called the package a limited but constructive step; Capital Economics estimated the overall average US tariff on China would fall only from about 22 per cent to roughly 20.5 per cent. The cuts accompany a two-month extension of the broader trade truce to 10 January 2027.