USTR Releases List for U.S.-China Mutual Tariff Reductions

  • USTR released a list of goods subject to mutual tariff reductions with China.
  • Each country will cover approximately $30 billion in low-security-sensitivity goods.
  • The announcement does not specify tariff rates or an effective date.

The U.S. Trade Representative released a list of goods subject to mutual tariff reductions with China on the 27th. The measures cover approximately $30 billion in goods for each country, equivalent to about ¥4.7 trillion, and focus on products deemed to have low security sensitivity. The announcement provides the scope of the goods covered but does not specify the tariff rates or effective date.

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USTR Releases List for U.S.-China Mutual Tariff Reductions - CoinPost Terminal