US Customs Policy: China and US Agree on Tariff Reductions for Goods Worth $30 Billion
US to announce details on trade deals with China on Monday +++ US administration – additional tariffs against China postponed again +++ The news blog.
China and the US have agreed to trade certain non-sensitive products worth $30 billion with minimal or no tariffs. The agreement was reached during a meeting between US President Donald Trump and Chinese leader Xi Jinping. The products to be traded include US agricultural products, medical devices, and Chinese consumer goods, although specific details on the products and timeline were not provided.
The two countries also agreed to extend a temporary trade truce, which includes a suspension of tariffs on certain goods and exports of rare earth minerals. Additionally, China and the US plan to establish a dialogue on artificial intelligence and an emergency channel for AI incidents.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
