U.S. and China Agree to Cut Tariffs on $30 Billion in Goods

The United States and China have agreed to reduce tariffs on $30 billion worth of goods after a threeday summit between President Donald Trump and Chinese President Xi Jinping in Washington, D.C. According to the White House, the cuts apply to nonsensitive products. U.S. exports such as agricultural goods, fish and seafood, logs and wood products, cosmetics, and medical devices are expected to get better tariff treatment in China. In return, Chinesemade small appliances, toys, holiday decorations, and children's car seats will receive more favorable treatment in the U.S. The deal was reached through a new U.S.China Board of Trade, which was first proposed earlier this year and formally created during Xi's visit. U.S. Trade Representative Jamieson Greer said more details will be announced Monday, including final tariff rates and product lists. The agreement marks a notable easing in the trade conflict that began in 2025, though both sides still have more trade issues to negotiate.