US, China strike deal to lower tariffs on $30B in goods after Trump-Xi Washington summit

U.S, China reach $30 billion tariff deal after Trump-Xi summit

The U.S. and China have reached a deal to lower tariffs on $30 billion of "non-sensitive goods" as part of a trade package agreed at this week's summit between President Trump and Xi Jinping, the White House said. Why it matters: Such a deal would mark a thaw in the trade war that engulfed the two countries last year. As laid out by the White House, it would also potentially lower prices on a variety of consumer goods where American shoppers have felt the pinch of inflation. How it works: The Tr

Sep 26, 2026

US, China strike deal to lower tariffs on $30B in goods after Trump-Xi Washington summit

The United States and China agreed to slash tariffs on $30 billion in goods after Trump and Xi Jinping's three-day Washington summit this week.

Sep 26, 2026