US and China agree on tariff relief for $30bn of nonsensitive goods each

📡 Nikkei Asia · 1 min read ·
US and China agree on tariff relief for $30bn of nonsensitive goods each
The United States and China have agreed to reduce tariffs on $30 billion worth of nonsensitive goods from each country. The deal marks a small step forward in their ongoing trade dispute. Nonsensitive goods are products that are not considered strategically important or a threat to national security. These often include everyday consumer items and some agricultural products. The agreement lowers import taxes on these selected goods. It does not cover sensitive technology or defense-related products, which remain subject to higher tariffs. Both sides described the move as a confidence-building measure. Negotiations on broader trade issues are expected to continue. The relief is limited in scope. It affects only a small share of the hundreds of billions of dollars in goods traded between the two economies each year.