Brief by Shorts91 Newsdesk / 11:35am on 28 Sep 2026,Monday International
The United States and China have agreed to pursue tariff cuts covering $60 billion worth of goods as both countries seek to ease trade tensions and improve market access. The agreement covers $30 billion in imports from each country. China plans to lower tariffs on several US agricultural products, including corn, wheat, meat and dairy. However, soybeans are excluded from the proposed cuts. The US, meanwhile, plans to reduce tariffs on Chinese consumer goods such as coffee makers, toasters, toys and household items. The move follows a meeting between US President Donald Trump and Chinese President Xi Jinping last week. Both sides have also extended their trade truce until January 10.
