White House releases list of products US, China could tax less
Summary
The White House has released lists of goods that could receive lower tariffs under a new arrangement with China covering $30 billion in trade each way. The plan includes hundreds of American and Chinese product categories, while the two sides extend their trade truce until January 10.
Key Points
- The White House published lists of products that may qualify for reduced tariff treatment under a reciprocal arrangement with China.
- The US could lower tariffs on 77 categories of Chinese goods, including fireworks, Christmas ornaments, household goods and sports equipment.
- China’s list covers more than 1,600 categories of American goods, including meats, grains, dairy, whiskey, coal and timber.
- China also agreed to import at least 10 million metric tons of US coal in 2027 and 2028, and the trade truce has been extended until January 10.
