China and US Agree to Pursue Tariff Cuts on $60 Billion in Goods

China and the United States announced on Sunday, September 28, 2026, their intention to pursue tariff reductions on $60 billion worth of goods imported from each other. This agreement, made under the U.S.-China Board of Trade, involves each country recommending $30 billion of trade in non-sensitive goods for more favorable tariff treatment, including products ranging from U.S. corn and cosmetics to Chinese toys and household appliances. Both nations will also hold regular talks on investment opportunities, policy transparency, and addressing enterprise concerns.