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U.S. and China Cut Tariffs on $60B Goods

By Drooid · Oct 1, 2026, 12:21 AM UTC · How we work

Summary

Story summary

The United States and China agreed to cut tariffs on $60 billion of goods, excluding soybeans.
China eliminated its 10 percent duty on U.S. corn, wheat, sorghum, rice, beef, dairy and oils.
The United States will lower duties on Chinese small appliances, tableware, toys and holiday decorations.
Both nations extended their trade truce through January 10, 2027 to continue negotiations.
China pledged to import 25 million metric tons of U.S. soybeans annually through 2028.

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Story summary

The United States and China agreed to cut tariffs on $60 billion of goods, excluding soybeans.
China eliminated its 10 percent duty on U.S. corn, wheat, sorghum, rice, beef, dairy and oils.
The United States will lower duties on Chinese small appliances, tableware, toys and holiday decorations.
Both nations extended their trade truce through January 10, 2027 to continue negotiations.
China pledged to import 25 million metric tons of U.S. soybeans annually through 2028.