The United States and China have agreed to reduce tariffs on a combined $60 billion worth of goods traded between the two countries, according to details reported on Monday. The proposed cuts cover about $30 billion in goods on each side, spanning American agricultural products and Chinese household items.
China’s list includes US corn, wheat, meat and dairy products, along with seafood, cosmetics and medical devices. Soybeans are absent from that list. The American list includes Chinese appliances, tableware, blankets, toys and other consumer products. The two sides have also extended their trade truce to January 10, giving businesses more time to plan around the current rules.
The agreement follows a meeting between Presidents Donald Trump and Xi Jinping in Washington last week. It offers a practical result from their talks, although broader trade disagreements remain unresolved. Officials also outlined further discussions on agriculture, investment barriers and other areas of cooperation.
Consumers and businesses will be watching how the tariff changes are implemented and whether they affect prices or orders. Farmers, manufacturers and retailers on both sides have faced uncertainty during the prolonged trade dispute. Monday’s announcement gives them a clearer near-term outlook, but its full commercial impact will depend on the final arrangements and how companies respond.
