Fastcompany iconFastcompanySep 28, 2026

U.S. and China strike trade deal for tariff cuts worth nearly $30 billion each

Monday reciprocal lists of products worth about $30 billion each that will see tariff cuts, in a deal expected to boost bilateral trade. The details came days after Chinese President Xi Jinping met with President Donald Trump in Washington in his first state visit to the U.S.

U.S. and China strike trade deal for tariff cuts worth nearly $30 billion each

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Monday reciprocal lists of products worth about $30 billion each that will see tariff cuts, in a deal expected to boost bilateral trade.

The details came days after Chinese President Xi Jinping met with President Donald Trump in Washington in his first state visit to the U.S.

had already reduced tariffs against China after Trump's tariffs reached as high as 145% at one point last year, as tensions between the two countries eased.

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Monday reciprocal lists of products worth about $30 billion each that will see tariff cuts, in a deal expected to boost bilateral trade. The details came days after Chinese President Xi Jinping met with President Donald Trump in Washington in his first state visit to the U.S. had already reduced tariffs against China after Trump's tariffs reached as high as 145% at one point last year, as tensions between the two countries eased.

How it works

  • China's commerce ministry said in a statement the agreement will help strengthen trade cooperation.
  • Most country-specific tariffs practically eradicated The lists included 1,619 items of U.S.

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