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

By Drooid · Sep 28, 2026, 10:20 AM UTC · How we work

Summary

US, China Cut Tariffs

The United States and China agreed to cut tariffs on $30 billion of each other's imports, with 90 % at MFN rates.
More than 1,600 Chinese items, like kitchenware and toys, will receive lower U.S. tariffs.
China will cut tariffs on 77 U.S. goods, notably beef, dairy, wheat, corn and coal.
Vice Premier He Lifeng and Treasury Secretary Scott Bessent will meet for an AI dialogue before November.

Summary

Joyoung Shares Surge

Tariff cuts on U.S. goods to China triggered Joyoung Co.’s shares to hit the 10 % daily limit in Shenzhen.
Bear Electric Appliance stock rose about 9.5 % after the reduced U.S. tariffs were announced.
U.S.-China two-way trade fell to $495 bn in 2025, a 25 % decline from 2024.
Both sides extended their trade truce until January while pursuing a broader agreement later in 2026.

Summary

Trump Xi Dinner

U.S. President Donald Trump and Chinese President Xi Jinping held a dinner with a toast and performances, highlighting personal diplomacy.
The leaders toured the National Archives, underscoring historic ties during renewed talks.
China agreed to replace “artificial intelligence” with “super intelligence” in bilateral discussions.
Beijing arrested 21 citizens in August for alleged fentanyl-precursor manufacturing after a U.S. tip.

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US, China Cut Tariffs

The United States and China agreed to cut tariffs on $30 billion of each other's imports, with 90 % at MFN rates.
More than 1,600 Chinese items, like kitchenware and toys, will receive lower U.S. tariffs.
China will cut tariffs on 77 U.S. goods, notably beef, dairy, wheat, corn and coal.
Vice Premier He Lifeng and Treasury Secretary Scott Bessent will meet for an AI dialogue before November.

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