The United States and China have agreed to lower tariffs on about $60 billion of goods, with lists covering U.S. imports of toys, sports equipment and Christmas decorations, and U.S. farm products among Chinese imports.
Key facts
- The U.S. and China agreed to lower tariffs on roughly $60 billion of goods.
- U.S. imports covered include toys, sports equipment and Christmas decorations.
- U.S. farm products appear on the list of Chinese imports.
- The agreement was reported by CNBC on September 28, 2026.
The United States and China have agreed to lower tariffs on approximately $60 billion of goods, according to CNBC. The move marks a step toward easing trade tensions between the world’s two largest economies.
The lists of qualifying goods included U.S. imports of toys, sports equipment and Christmas decorations, according to the report. These consumer categories are among the items that would see reduced duties under the arrangement.
On the other side, U.S. farm products appeared on the list of Chinese imports set for lower tariffs, CNBC reported. Agricultural goods have frequently featured in trade discussions between the two countries.
The tariff reductions apply to a defined set of products rather than across-the-board changes, based on the specific lists cited in the report. The categories named reflect a mix of consumer and agricultural goods flowing in both directions.
CNBC published the report on September 28, 2026, in connection with coverage tied to a meeting involving Presidents Trump and Xi. Further details on the timing and implementation of the tariff changes were not specified in the available information.
Why it matters
Tariffs raise the cost of imported goods, so reductions on $60 billion of products could affect prices for consumers and businesses on both sides of the Pacific. The categories named, including toys, holiday decorations and farm goods, touch retailers, manufacturers and agricultural producers directly.
Frequently asked questions
Which goods qualify for the lower tariffs?
According to CNBC, the lists included U.S. imports of toys, sports equipment and Christmas decorations, while U.S. farm products appeared on the list of Chinese imports.
How much in goods is covered by the agreement?
The agreement covers roughly $60 billion of goods, according to CNBC.
When was the agreement reported?
CNBC reported the agreement on September 28, 2026.