Authored by Arthur Zhang via The Epoch Times,
The United States and China have released product lists covering about $30 billion in imports in each direction that could receive lower tariffs under an agreement reached after Chinese leader Xi Jinping's visit to Washington.
The lists cover 77 categories of Chinese goods entering the United States and 1,619 categories of U.S. goods entering China.
Here are five takeaways from the agreement.
Limited Category of Trade Covered
The arrangement covers goods the two countries have designated as "non-sensitive," totaling about $60 billion in two-way trade based on 2024 values.
The U.S. list includes toys, fireworks, blankets, tableware, artificial flowers, child safety seats, and holiday decorations. China's list includes agricultural products, seafood, timber, personal-care products, medical equipment, and coal.
Products outside the two approved lists are not covered by this tariff-reduction arrangement.
A Work in Progress
Publication of the lists does not itself lower tariffs.
The two sides have approved the product lists, but future tariff reductions must still go through each country's domestic legal procedures.
China's Commerce Ministry said on Sept.
