US And China Agree To Lower Tariffs On $30 Billion In Goods Following Three-Day Washington Summit

The United States and China have agreed to reduce tariffs on $30 billion worth of traded goods following a three-day summit between President Donald Trump and Chinese President Xi Jinping in Washington, D.C.

The White House confirmed that the reciprocal tariff reductions apply specifically to what officials described as “non-sensitive goods” between the two nations.

American exports set to benefit from preferential treatment in China include agricultural products, fish and seafood, logs and wood products, cosmetics, and medical devices.

On the import side, Chinese-made small appliances, toys, holiday decorations, and children’s car seats will receive favorable tariff treatment when entering the United States.

The agreement was reached through the newly established U.S.-China Board of Trade, a body first proposed during Trump’s visit to China in May and formally created during Xi’s visit to Washington this week.

U.S. Trade Representative Jamieson Greer told CNBC that “a lot more details” about the new trade agreement would be released on Monday, following weeks of intensive negotiations.

Neither country has yet disclosed the final tariff rates or a complete list of all products that will receive favored status under the new framework.

The deal represents one of the most significant de-escalations in the trade war Trump launched against China in February 2025, when he imposed a 10% tariff on all Chinese imports citing Beijing’s alleged role in the fentanyl crisis and illegal immigration.

U.S. tariffs on Chinese goods reached a peak of 145% in April 2025, shortly after Trump unveiled his “Liberation Day” reciprocal tariffs, prompting China to respond with tariffs of up to 125% on American goods.

Negotiators from both countries met in Geneva in May 2025 and agreed to a 90-day truce that brought U.S. tariffs down to 30% and Chinese tariffs to 10%, with that arrangement extended for another 90 days in August.

Trump and Xi reached a further tentative agreement during talks in South Korea in October 2025, under which China agreed to crack down on fentanyl precursors, resume purchases of U.S. soybeans, and ease restrictions on rare-earth exports, while the U.S. agreed to further reduce tariffs.

The two countries will continue to use the newly formed Board of Trade as the primary mechanism for negotiating additional tariff reductions and resolving other outstanding trade disputes going forward.