US and China Announce Tariff Reductions on $60 Billion in Goods
The United States and China have released lists totaling $60 billion in non-sensitive products that will be subject to tariff cuts, following a meeting between Presidents Trump and Xi.
Flint Saginaw Bay City, MI, September 28, 2026 —
In a move following discussions between President Trump and President Xi, the United States and China have jointly announced plans to reduce tariffs on a significant volume of goods. The initiative involves both nations releasing lists that collectively cover $60 billion worth of non-sensitive products slated for tariff cuts.
Details regarding the specific products included in these lists, the exact percentage of tariff reductions, or the timeline for their implementation were not immediately available. The announcement specifies that the products are considered “non-sensitive,” a designation that may indicate items less critical to core domestic industries or national security interests.
The agreement stems from a recent meeting between the leaders of the two economic powers. While the summary indicates a positive step towards tariff modification, the precise implications for trade flows, specific industries, and the broader economic relationship between the two countries remain subject to further clarification and policy details. The scope of $60 billion suggests a substantial volume of trade will be affected by these tariff adjustments.
Further information on the specific items covered by the tariff cuts, the administrative processes involved, and any potential phased implementation is expected to be released by the respective governments. This development marks a notable point in the ongoing trade dialogue between the United States and China.
Story summarized from the original created by By CHAN HO-HIM and KANIS LEUNG – Associated Press on www.abc12.com, see more information here.
Media gallery
