WASHINGTON — The United States and China have reached an agreement to lower tariffs on $60 billion worth of goods imported from one another, covering products from US farm exports to Chinese household appliances.
Under the arrangement, each country recommended $30 billion in non-sensitive trade for more favorable tariff treatment through the US-China Board of Trade, US Trade Representative Jamieson Greer said.
China plans to cut duties on US corn, wheat, sorghum, meat, dairy products, vegetable oils and meals. Soybeans were not included in the list.
Beijing also plans to reduce tariffs on US fish and seafood, wood products, cosmetics and medical devices. Washington’s list calls for lower reciprocal tariffs on Chinese consumer products, including coffee makers, toasters, tableware, blankets, toys and children’s car seats.
The United States and China also agreed to extend their trade truce by two months through January 10. China’s commerce ministry said the extension would create a more stable and predictable environment for businesses as negotiations continue.
China further agreed to import 10 million metric tons of US coal each year in 2027 and 2028.
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