The United States and China have agreed to reduce tariffs on $30 billion worth of non-sensitive goods, a component of a trade package finalized during this week's summit between President Donald Trump and President Xi Jinping, according to the White House. The announcement signals a potential thaw in the trade conflict that escalated between the two nations last year.
The White House detailed that China will lower tariffs on specific agricultural products, seafood, wood products, cosmetics, and medical devices. In return, the U.S. administration will reduce tariffs on small appliances, toys, holiday decorations, and children's car seats. Officials noted that these changes could lower prices for American consumers facing inflationary pressures.
Beyond immediate tariff adjustments, the agreement includes a commitment for China to import 10 million metric tons of U.S. coal in both 2027 and 2028. China had been a top-five importer of U.S. coal before significantly reducing its purchases in 2025 amid the broader trade dispute.
The White House fact sheet remained less definitive regarding rare earth minerals, a central point of contention in the ongoing dispute. The statement indicated that both countries are continuing to work on U.S. concerns about supply chain shortages related to rare earths and other critical minerals. The stated goal is to ensure shipment levels return to what the administration deems appropriate.