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US and China outline tariff cuts covering $60 billion in goods

Reuters reports China plans lower tariffs on US corn, wheat, meat and dairy, but soybeans are excluded. Supply Chain Dive says the White House did not specify the size of the cuts or when they would take effect.

Eloise GentleEG
GrokGR
Financial TimesFT
40 Sources, 13d ago, first seen 13d ago

TLDR

Reuters reports the US and China agreed to pursue tariff cuts covering $60 billion in goods, including US agricultural products and Chinese household items. Supply Chain Dive, citing the Trump administration, says the US-China Board of Trade recommended lower tariffs on roughly $30 billion in imports for each country. The White House did not specify the size of the cuts or an implementation date. Reuters says soybeans are excluded from China’s list.

Combined views

977.4K

40 Sources, first seen 13d ago

6.7K likes216 comments221 saves675 reposts

Combined views

977.4K

40 Sources, first seen 13d ago

6.7K likes216 comments221 saves675 reposts

Sentiment

Positive17.4%82.6%Negative

Summary

Many accounts criticized the US-China tariff cuts on $60 billion in goods as untrustworthy or a tax burden on US consumers, while positive replies welcomed the de-escalation as a market catalyst and potential holiday shopping relief.

Based on 119 sentiment-bearing replies from 115 accounts across 16 conversations.

Featured Source

Sentiment

Positive17.4%82.6%Negative

Summary

Many accounts criticized the US-China tariff cuts on $60 billion in goods as untrustworthy or a tax burden on US consumers, while positive replies welcomed the de-escalation as a market catalyst and potential holiday shopping relief.

Based on 119 sentiment-bearing replies from 115 accounts across 16 conversations.

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A post says Trump argues that cooperation could make it harder for US companies to stay ahead of China.

Trump reportedly asked Xi if China wanted to buy American weapons

The Financial Times says the administration denies delaying the sale of a $14bn arms package to Taiwan to appease Beijing.

40 Sources

Eloise Gentle@eloise_gentleChina, US agree to AI dialogue, tariff cuts on $42b in goods during Xi Jinping summit https://www.abc.net.au/news/2026-09-27/president-donald-trump-xi-jinping-washington-summit-tariffs-ai/107200436?utm_campaign=abc_news_web&utm_content=twitter&utm_medium=content_shared&utm_source=abc_news_web13d
Grok@grokTariffs were not cut to enable joint AI development. After the recent Trump-Xi summit, both sides recommended more favorable treatment for $30B of non-sensitive goods each way (US ag products, wood, cosmetics; Chinese toys, appliances, decorations). Separately, they set up a Super Intelligence dialogue on risks and benefits plus an incident channel. Trump stated the US leads and is not looking to integrate the tech.13d
Financial Times@FTUS and China agree $60bn low tariff regime spanning foie gras to camels https://ft.trib.al/NIZ60dZ12d
Reuters@ReutersChina says to cut tariffs on US farm goods, but soybeans excluded https://reut.rs/4yiVUal https://reut.rs/4yiVUal12d
Bloomberg@businessCrop futures eased after the US and China detailed plans to cut tariffs on a slew of agricultural products, with traders awaiting concrete signs of purchases in the wake of last week’s summit between leaders Donald Trump and Xi Jinping https://www.bloomberg.com/news/articles/2026-09-28/grains-fall-as-traders-seek-china-buying-signs-after-tariff-cuts?taid=6ab9f0d0abb846000197be76&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter12d
The Straits Times@straits_timesUS releases product lists for $38 billion China tariff deal https://bit.ly/4xN9NfC12d
Faseeh Mangi@FaseehMangiThe US and China plan to cut tariffs for $60 billion in bilateral trade, as the rivals take steps to steady ties following Trump, Xi summit The amount is still a fraction of the $415 billion annual trade https://www.bloomberg.com/news/articles/2026-09-28/us-releases-details-on-30-billion-of-goods-with-tariff-cuts12d
Laurent Lequeu@LLequeuWill the #US-#China truce survive the midterms — or shatter the moment the votes are counted? 🎙🔥 @TheMacroButler is back on @BFMradio 89.9 #Malaysia to pressure-test the fragile calm holding global markets together. A temporary US-China tariff truce and a headline handshake have soothed the consensus — but with the 10-year Treasury yield hitting 5.23% and a midterm election looming, The Macro Butler explains why the trade truce may have a very short shelf life: The US-China truce — why a deal struck for political optics rarely outlives the election that motivated it, and what breaks first when the midterms are done. 📈 10-year yields at 5.23% — the bond market screaming what the politicians won’t admit: the sovereign debt crisis is here, and no truce fixes $40 trillion in debt. 🌍 Mounting global pressure — from rare-earth chokepoints to the war cycle to the diesel squeeze, the fault lines the “truce” narrative conveniently ignores. 🥇 Where the smart money shelters — gold, silver, and the hard assets that don’t care who wins in November. Zero hopium. Zero soft landings. Just the macro playbook history keeps validating. 🎧 Listen to the full interview on BFM 89.9 Malaysia now. https://themacrobutler.substack.com/p/interview-with-bfm-899-radio-0928202612d
DAILY THE DESTINATION@DailyTheDestinUS China List Goods for Potential Tariff Cuts #USChinaTrade #DonaldTrump #XiJinping #Tariffs #TradeDeal #WhiteHouse #China #UnitedStates #GlobalTrade #TradeWar @WhiteHouse @POTUS @realDonaldTrump @SpoxCHN @USTreasury https://dailythedestination.com/us-china-list-goods-for-potential-tariff-cuts/12d
CN Wire@Sino_Market🇨🇳🇺🇸MOFCOM: US, China agree reciprocal $30 bln tariff-reduction framework under Trade Council The US will cut tariffs on about $30 bln of imports from China, including toys, home appliances, baby products, kitchen and bathroom goods, and seasonal gifts. China will cut tariffs on about $30 bln of imports from the US, including agricultural products, personal-care items, medical devices and coal. Both sides agreed to jointly publish the detailed product lists. (https://mktnews.com/flashDetail.html?id=01a0e602-c731-7118-86b4-85991afe04dd)12d
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    40 Sources

    Eloise Gentle@eloise_gentleChina, US agree to AI dialogue, tariff cuts on $42b in goods during Xi Jinping summit https://www.abc.net.au/news/2026-09-27/president-donald-trump-xi-jinping-washington-summit-tariffs-ai/107200436?utm_campaign=abc_news_web&utm_content=twitter&utm_medium=content_shared&utm_source=abc_news_web13d
    Grok@grokTariffs were not cut to enable joint AI development. After the recent Trump-Xi summit, both sides recommended more favorable treatment for $30B of non-sensitive goods each way (US ag products, wood, cosmetics; Chinese toys, appliances, decorations). Separately, they set up a Super Intelligence dialogue on risks and benefits plus an incident channel. Trump stated the US leads and is not looking to integrate the tech.13d
    Financial Times@FTUS and China agree $60bn low tariff regime spanning foie gras to camels https://ft.trib.al/NIZ60dZ12d
    Reuters@ReutersChina says to cut tariffs on US farm goods, but soybeans excluded https://reut.rs/4yiVUal https://reut.rs/4yiVUal12d
    Bloomberg@businessCrop futures eased after the US and China detailed plans to cut tariffs on a slew of agricultural products, with traders awaiting concrete signs of purchases in the wake of last week’s summit between leaders Donald Trump and Xi Jinping https://www.bloomberg.com/news/articles/2026-09-28/grains-fall-as-traders-seek-china-buying-signs-after-tariff-cuts?taid=6ab9f0d0abb846000197be76&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter12d
    The Straits Times@straits_timesUS releases product lists for $38 billion China tariff deal https://bit.ly/4xN9NfC12d
    Faseeh Mangi@FaseehMangiThe US and China plan to cut tariffs for $60 billion in bilateral trade, as the rivals take steps to steady ties following Trump, Xi summit The amount is still a fraction of the $415 billion annual trade https://www.bloomberg.com/news/articles/2026-09-28/us-releases-details-on-30-billion-of-goods-with-tariff-cuts12d
    Laurent Lequeu@LLequeuWill the #US-#China truce survive the midterms — or shatter the moment the votes are counted? 🎙🔥 @TheMacroButler is back on @BFMradio 89.9 #Malaysia to pressure-test the fragile calm holding global markets together. A temporary US-China tariff truce and a headline handshake have soothed the consensus — but with the 10-year Treasury yield hitting 5.23% and a midterm election looming, The Macro Butler explains why the trade truce may have a very short shelf life: The US-China truce — why a deal struck for political optics rarely outlives the election that motivated it, and what breaks first when the midterms are done. 📈 10-year yields at 5.23% — the bond market screaming what the politicians won’t admit: the sovereign debt crisis is here, and no truce fixes $40 trillion in debt. 🌍 Mounting global pressure — from rare-earth chokepoints to the war cycle to the diesel squeeze, the fault lines the “truce” narrative conveniently ignores. 🥇 Where the smart money shelters — gold, silver, and the hard assets that don’t care who wins in November. Zero hopium. Zero soft landings. Just the macro playbook history keeps validating. 🎧 Listen to the full interview on BFM 89.9 Malaysia now. https://themacrobutler.substack.com/p/interview-with-bfm-899-radio-0928202612d
    DAILY THE DESTINATION@DailyTheDestinUS China List Goods for Potential Tariff Cuts #USChinaTrade #DonaldTrump #XiJinping #Tariffs #TradeDeal #WhiteHouse #China #UnitedStates #GlobalTrade #TradeWar @WhiteHouse @POTUS @realDonaldTrump @SpoxCHN @USTreasury https://dailythedestination.com/us-china-list-goods-for-potential-tariff-cuts/12d
    CN Wire@Sino_Market🇨🇳🇺🇸MOFCOM: US, China agree reciprocal $30 bln tariff-reduction framework under Trade Council The US will cut tariffs on about $30 bln of imports from China, including toys, home appliances, baby products, kitchen and bathroom goods, and seasonal gifts. China will cut tariffs on about $30 bln of imports from the US, including agricultural products, personal-care items, medical devices and coal. Both sides agreed to jointly publish the detailed product lists. (https://mktnews.com/flashDetail.html?id=01a0e602-c731-7118-86b4-85991afe04dd)12d
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