OMM Redaksiyası
The United States has released details of a previously agreed tariff arrangement with China covering about $30 billion worth of imports from each country, according to China’s Ministry of Commerce, known as MOFCOM.
The framework was reached during economic and trade consultations held by Chinese and US teams in New York and Washington from September 20 to 23. The two sides will implement the tariff reductions simultaneously after completing procedures required under their respective domestic laws.
Which products are covered?
US product lists include more than 1,600 Chinese goods that will receive reduced tariff treatment. They include plates, kitchenware, bed and table linens, microwave ovens, other small electrical appliances, toys, sporting goods, children’s products, games and seasonal decorations.
China will reduce tariffs on 77 categories of US products, including beef, lamb, poultry, seafood, dairy products, wheat, corn, rice and other grains. Coal, timber, fruit, vegetables, medical equipment and other agricultural, energy and industrial goods are also included.
About 90% of the products covered by the arrangement will have their tariffs reduced to most-favored-nation rates, the US side said.
New trade and investment mechanisms
“The Trump administration will continue to pursue fair, balanced, and reciprocal trade with China by ensuring compliance with commitments on agricultural and energy purchases, pursuing balanced trade in non-sensitive goods, and securing market access for American farmers, manufacturers, businesses, and workers,” US Trade Representative Jamieson Greer said.
MOFCOM said the arrangement would help stabilize China-US economic and trade relations and create favorable conditions for China’s exports of the relevant products to the United States.
The countries also agreed to establish a bilateral trade council under their economic and trade consultation mechanism, with facilitating bilateral trade as its main task. Tariffs on US coal exports to China will be included in the reciprocal $30 billion tariff-reduction framework, which MOFCOM said would support Chinese imports of US coal in 2027 and 2028.
In addition, China and the US agreed to create an investment council and an agricultural working group jointly led by MOFCOM and the Office of the US Trade Representative. The agricultural group is expected to hold its first meeting before the end of 2026.
Financial services and artificial intelligence
MOFCOM said the two sides had reached an agreement in principle on financial services and established an artificial intelligence dialogue led by Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent.
The next AI dialogue is expected to take place before the end of November. The countries also agreed to establish a communication channel for incidents related to artificial intelligence.
