US China Lists Goods for Possible Reciprocal Tariff Cuts

The United States and China have approved proposed lists of goods worth roughly $30 billion on each side for possible reciprocal tariff reductions, while China separately issued a list of U.S. agricultural products slated for tariff cuts that excludes soybeans. Neither government has put the broader tariff reductions into effect, and any changes remain subject to domestic legal procedures. The reciprocal lists are the first proposals under the bilateral Board of Trade, established during President Donald Trump’s visit to Beijing in May. The framework focuses initially on goods considered nonsensitive and calls for the two countries to consider reduced tariff treatment for the selected imports. It does not set tariff rates or an implementation date. Further decisions by both governments are required before the proposed treatment can take effect. The U.S. list contains 77 tariff entries, including household products, kitchen appliances, sports equipment and toys imported from China. Some entries apply only to specified products or include exclusions. U.S. Trade Representative Jamieson Greer said the proposal could improve access to China for about 30% of U.S. exports there.