U.S. and China May Identify $30 Billion in Goods for Lower Tariffs

Bessent said the United States and China plan to identify $30 billion of non-critical goods that could face lower or zero tariffs. He also said Section 301 probes (U.S. trade investigations into unfair trade practices) could be used to restore tariffs that were annulled by a Supreme Court decision. The statement points to a dual-track trade approach: easing duties on selected goods while preserving a mechanism to reimpose tariffs through formal investigations.

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