Washington suggests tariff cuts with Beijing
Reports indicate that Washington announced lists of products that could include reciprocal tariff reductions with China, valued at $30 billion for each side. The list covers 77 categories of Chinese goods such as fireworks, electrical appliances, and children's chairs, while the American list features more than 1,600 categories, including meats, dairy products, wheat, coal, and cosmetics. This comes as part of understandings between the two countries following Chinese President's visit to Washington, during which China pledged to import 10 million tons of coal annually in 2027 and 2028. Discussions are still ongoing regarding rare minerals. No tariffs have been imposed so far, and these steps are part of efforts to end the trade dispute and ease economic tensions between the world's two largest economies.
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