Monday, Sep 28, 2026
1 US and China Release Lists for $30B Tariff Cuts and Exclude Soybeans↩︎ 🌐 Geopolitics Sep 27, 6:15 PM EDT 58/18
Washington and Beijing have specified which products will see reduced duties under their reciprocal $30 billion trade pact, leaving the largest US agricultural export, soybeans, off the list. Under the arrangement, approximately 90% of the affected goods on both sides will have tariffs reduced to MFN rates. The US will lower tariffs on Chinese baby goods, toys, and small appliances, while China will cut duties on US medical devices, coal, and a range of agricultural products.
The product lists follow a summit between President Donald Trump and President Xi Jinping that ended September 25 and produced an eight-point consensus. The two nations extended their trade ceasefire, known as the Kuala Lumpur joint arrangement, through January 10, 2027. Other terms of the agreement include a Chinese commitment to import 10 million metric tons of US coal annually in 2027 and 2028, the establishment of a communication channel for AI incidents, and a target to hold the first agriculture working group meeting by the end of 2026.