US, China agree on $60 billion in tariff cuts on goods
FILE-United States and Chinese flags wave outside a technology company in Beijing, on April 17, 2025. (Photo by PEDRO PARDO/AFP via Getty Images)
The United States and China have agreed on $60 billion in tariff cuts on goods imported from each other.
In a statement from Rep. Jamieson Greer obtained by Reuters, Greer said under the U.S.-China Board of Trade, both nations have each recommended $30 billion of trade in non-sensitive goods for improved tariff treatment.
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The U.S. and China on Monday released reciprocal lists of nonsensitive products worth about $30 billion each that will see tariff cuts.
What do the tariff cuts mean for consumers?
Dig deeper:
The lowered tariffs could be a win for U.S. consumer brands, Jacob Cooke, CEO of WPIC Marketing + Technologies based in Beijing, tells The Associated Press, as some of the products covered by China's list of U.S. imports included fast-growing categories like hair care, personal care products and infant formula.
With the U.S. list for Chinese products centered on consumer goods, it could also help lower inflation while also allowing Chinese firms to export more of their overcapacity, Gary Ng, a senior economist at French bank Natixis, explained to the AP.
Which Chinese imports to the U.S. are affected by the tariff cuts?
Big picture view:
The United States and China are considering a list of products for import into China and a list of Chinese products for import into the U.S. with a goal of providing reduced tariff treatment, according to WhiteHouse.gov.
Other products impacted cover the following:
- Fireworks
- Plates
- Tableware
- Curtains
- High chairs
- Pillows
- Playing cards
- Christmas ornaments
- Magic tricks
- Baseballs and other sporting equipment
- Fishing lines
Which U.S. exports to China are impacted?
The White House released a list of 1,619 U.S. exports to China that will be affected by the tariff reductions. It includes agricultural goods, fish and seafood, wood products, cosmetics and medical devices.
Other impacted goods include the following:
- Donkeys
- Mules
- Chickens
- Horses
- Cattle
- Pigs
- Tuna
- Lobsters
- Butter
- Buttermilk
- Eggs
- Live flowers and plants
One of two lists from the White House reveals that China planned to lower taxes on various U.S. agricultural goods like corn, wheat, sorghum, meat, dairy, vegetable oils and meals. However, the list ruled out non-seed soybeans, the largest U.S. agricultural export to China.
Moreover, Beijing seeks to lower duties on U.S. fish and seafood, logs and wood products, cosmetics and medical devices, the Chinese list noted.
In another list were U.S. proposed reciprocal tariff cuts for Chinese consumer goods, like small appliances such as coffee makers, toasters, tableware, blankets and bed linens.
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The U.S. list also included Chinese fireworks, artificial flowers, holiday decorations and child car seats.
Furthermore, China's selection of goods for tariff cuts is to help Beijing meet what the U.S. government explains to Reuters is a $17-billion commitment to purchase agricultural goods.
China has already resumed buying U.S. soybeans under a deal struck in 2025 to purchase 25 million metric tons annually.
Reuters reported that the U.S. and China will establish an agriculture working group under a trade council to discuss two-way market access and regulation.
The Source: Information for this story was provided by Reuters, which references a statement from Rep. Jamieson Greer and the White House website listing U.S. and China imports, and The Associated Press. This story was reported from Washington, D.C.