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Cargo containers at a Chinese port with cranes in the background
World News · Sep 29, 2026

U.S. and China agree reciprocal tariff cuts on roughly $60 billion of goods after Xi visit, Beijing says

Chinese and U.S. officials have agreed in principle to reciprocal tariff relief covering about $30 billion of imports from each country, a tangible outcome from President Xi Jinping’s visit to Washington that leaves sensitive technology and soybeans largely off the table. Beijing said the move opens space to rebuild trade ties while both sides will continue negotiations on implementation.