U.S. and China Announce Tariff Cut Lists on $120 Billion in Goods
The United States and China have each released lists of $60 billion worth of nonsensitive products that will be subject to tariff cuts.
Greensboro High Point Winston Salem, NC, September 29, 2026 — The United States and China have each put forth lists detailing billions of dollars worth of goods that will see tariff reductions. These actions involve approximately $60 billion worth of nonsensitive products from each nation, according to recent announcements.
The move signifies a specific measure within the broader trade relationship between the two economic powers. By identifying these particular product categories, both countries are indicating a willingness to adjust existing tariff structures on a substantial volume of trade. The term “nonsensitive products” suggests that these items are considered less critical or strategically important, potentially facilitating agreement on their inclusion in tariff reduction plans.
Further details regarding the specific products included on each list, the precise timeline for the tariff cuts to take effect, or the exact percentage of reduction were not provided in the initial announcements. The scope of the initiative encompasses $60 billion worth of goods from the United States subject to Chinese tariff adjustments, and an equivalent amount of Chinese goods facing potential tariff changes from the U.S. side.
This development is part of ongoing trade discussions and policy adjustments between the two nations. The identification of these product lists marks a concrete step in implementing changes to bilateral trade tariffs. The ultimate impact on specific industries and consumers will depend on the precise nature and timing of the tariff reductions.
Story summarized from the original created by By CHAN HO-HIM and KANIS LEUNG Associated Press on www.hpenews.com, see more information here.
Media gallery
