The US-China Board of Trade has recommended two lists of goods for lower tariffs, worth about $30 billion in each direction. The US list covers 77 tariff lines of Chinese goods. China’s list covers 1,619 lines of US goods.
Neither government has set a rate or a start date. The cuts “will be determined and implemented in accordance with each side’s domestic legal processes,” according to the framework’s terms.
The US list includes:
Microwave ovens, coffee and tea makers, toasters, food processors and irons
Christmas-tree lights, glass and wooden ornaments and nativity scenes
Toys, excluding any enabled with radio frequency, Wi-Fi, Ethernet or Bluetooth
Children's car seats, highchairs and play yards
Bed and table linen, pillows and curtains
Soccer balls, baseballs, tennis balls, fish hooks and fishing line
About three-quarters of China’s lines are farm products, seafood and processed food. The rest include logs and lumber, cosmetics, coal, and medical equipment such as MRI and ultrasound machines, pacemakers and surgical robots.
China’s list includes farm products, seafood, processed food, logs and lumber, cosmetics, coal and medical equipment such as MRI and ultrasound machines, pacemakers and surgical robots. More than 90% of the products would move to MFN rates, China’s commerce ministry said. Chips, electric vehicles and batteries are on neither list.
The broader trade truce now runs to Jan. 10, 2027. China also pledged to buy at least 10 million metric tons of US coal in 2027 and again in 2028.
The average US tariff on Chinese goods would fall from about 22% to 20.5%, AP reports. The sides do not expect to adjust the lists more than once a year. Meanwhile, a Section 301 investigation into excess industrial capacity across 16 economies including China could bring new tariffs.
