China, US Agree to Tariff Cuts on $60B of Goods Like Agriculture, Household Items

At the conclusion of President Donald Trump's summit with Chinese President Xi Jinping, the two nations have specified a list of goods that may benefit from reduced tariffs. China's comprehensive list includes 1,619 categories of American products, while the United States has proposed tariff cuts for 77 categories of Chinese goods.

However, neither side has disclosed the depth of the tariff reductions or when they will come into effect. The U.S. Trade Representative, Jamie Sauleaux Greer, announced that the two countries recommended $30 billion worth of non-sensitive goods trade that could be subject to more favorable tariff treatment in the future. The Chinese Foreign Ministry confirmed the agreement on Saturday, extending a trade truce first established in South Korea last October.

Pork, which the European Union exported around 1.07 million tonnes to China in 2025, stands to be one of the most directly affected sectors. The European Union currently faces anti-dumping duties of 4.9% to 19.8% on pork from China, and any tariff cuts for American producers could pose a competitive disadvantage. Dairy products and Chinese wine and whiskey may also face increased competition from European exports, while cheaper household goods, toys, and sports equipment from China could impact European manufacturers.