5 Takeaways From the New US–China Tariff-Relief Product Lists
The arrangement covers about $60 billion in trade, excludes ordinary U.S. soybean exports, and requires further legal steps before tariff changes take effect.
TL;DR
- US and China to lower tariffs on about $30 billion in imports each way.
- Covers 77 categories of Chinese goods and 1,619 categories of U.S. goods.
- The agreement focuses on "non-sensitive" goods, totaling approximately $60 billion in two-way trade.
- U.S. list includes items like toys, fireworks, and holiday decorations.
- China's list includes agricultural products, seafood, timber, and coal.