US lists goods for lower tariffs under China trade deal

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The White House on Sunday released lists of products that could benefit from lower tariffs under an arrangement with China affecting $30 billion in goods in each direction, without specifying the rates or timetable.

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US President Donald Trump and his Chinese counterpart Xi Jinping concluded a summit on Friday, with their talks covering matters including trade.

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The United States and China will review the lists “with a view toward providing reduced tariff treatment to those goods in a reciprocal manner,” according to the terms released by the White House.

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The US could reduce tariffs on 77 categories of Chinese goods including fireworks, Christmas ornaments, household goods and sports equipment.

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China’s import list includes more than 1,600 categories of American goods, including meats — beef, pork, poultry and seafood — grains, dairy, whiskey, coal and timber.

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The White House announced on Friday an agreement on “recommendations” for more favourable tariff treatment for these “non-sensitive goods,” following Xi’s visit to Washington.

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Beijing confirmed the agreement on Saturday.

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China also agreed to import at least 10 million metric tons of coal from the US in 2027 and 2028, the White House said.

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Xi and Trump agreed to a trade truce last year during a meeting in South Korea, after a tit-for-tat fight that saw tariffs soar over 100 per cent at one point.

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The pact was originally due to expire in November, but both sides have agreed to extend it until January 10, according to US Treasury Secretary Scott Bessent.

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AFP

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