U.S., China reach $30 billion tariff deal after Trump-Xi summit
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The U.S. and China have concluded a trade agreement to reduce tariffs on $30 billion of non-sensitive goods, marking a significant thaw in the trade tensions that gripped both nations. The deal was finalized following this week's summit between President Trump and Chinese leader Xi Jinping.
U.S., China reach $30 billion tariff deal after Trump-Xi summit
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6 hours ago - Economy
U.S., China reach $30 billion tariff deal after Trump-Xi summit
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!President Trump and China's Xi Jinping descend red-carpeted stairs.
*President Trump and China's Xi Jinping, with spouses and aides. Photo: Saul Loeb / AFP via Getty Images)*
The U.S. and China have reached a deal to lower tariffs on $30 billion of "non-sensitive goods" as part of a trade package agreed at this week's summit between President Trump and Xi Jinping, the White House said.
**Why it matters:** Such a deal would mark a thaw in the trade war that engulfed the two countries last year.
* As laid out by the White House, it would also potentially lower prices on a variety of consumer goods where American shoppers have felt the pinch of inflation.
**How it works:** The Trump administration said China would lower its tariffs on some agricultural goods and seafood, wood products, cosmetics, and medical devices.
* The U.S. will cut tariffs on small appliances, toys, holiday decorations, and kids' car seats.
**Between the lines:** The White House also said China would import 10 million metric tons of U.S. coal in 2027 and again in 2028.
* The country was a top-five importer of U.S. coal until slashing imports in 2025 amid the trade war.
**The intrigue:** The fact sheet released by the White House was more vague on the fate of the crucial rare earth minerals that have been at the heart of the trade dispute.
* "The United States and China continue to work on U.S. concerns regarding supply chain shortages related to rare earths and other critical minerals, with the goal of ensuring shipment levels return to appropriate levels," it said,.
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6 hours ago - Economy
U.S., China reach $30 billion tariff deal after Trump-Xi summit
* Ben Berkowitz
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!President Trump and China's Xi Jinping descend red-carpeted stairs.
*President Trump and China's Xi Jinping, with spouses and aides. Photo: Saul Loeb / AFP via Getty Images)*
The U.S. and China have reached a deal to lower tariffs on $30 billion of "non-sensitive goods" as part of a trade package agreed at this week's summit between President Trump and Xi Jinping, the White House said.
**Why it matters:** Such a deal would mark a thaw in the trade war that engulfed the two countries last year.
* As laid out by the White House, it would also potentially lower prices on a variety of consumer goods where American shoppers have felt the pinch of inflation.
**How it works:** The Trump administration said China would lower its tariffs on some agricultural goods and seafood, wood products, cosmetics, and medical devices.
* The U.S. will cut tariffs on small appliances, toys, holiday decorations, and kids' car seats.
**Between the lines:** The White House also said China would import 10 million metric tons of U.S. coal in 2027 and again in 2028.
* The country was a top-five importer of U.S. coal until slashing imports in 2025 amid the trade war.
**The intrigue:** The fact sheet released by the White House was more vague on the fate of the crucial rare earth minerals that have been at the heart of the trade dispute.
* "The United States and China continue to work on U.S. concerns regarding supply chain shortages related to rare earths and other critical minerals, with the goal of ensuring shipment levels return to appropriate levels," it said,.
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Tags:#التجارة الأمريكية الصينية#الرسوم الجمركية#ترامب وشي جينبينج#الحرب التجارية#المعادن النادرة#الاقتصاد العالمي
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