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China and U.S. Cut Tariffs on $30B Each

By Drooid · Sep 26, 2026, 4:07 PM UTC · How we work

Summary

Story summary

China and the United States agreed to cut tariffs on $30 billion of goods each.
They will start an AI risks and benefits dialogue, first meeting in November.
They pledged a trade council and extended the trade truce to January 10.
They agreed to support each other’s APEC leaders’ meeting and G20 summit.
They said Iran must honor its nuclear-non-development pledge and barred transit tolls on waterways.

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Story summary

China and the United States agreed to cut tariffs on $30 billion of goods each.
They will start an AI risks and benefits dialogue, first meeting in November.
They pledged a trade council and extended the trade truce to January 10.
They agreed to support each other’s APEC leaders’ meeting and G20 summit.
They said Iran must honor its nuclear-non-development pledge and barred transit tolls on waterways.