Business Times (15 Sep 2026), citing Bloomberg, reports that US and Chinese negotiators are discussing reciprocal tariff reductions covering about USD 30 billion of trade on each side. The package under discussion includes cuts on US agricultural and energy shipments into China, and lower duties on selected Chinese inputs used by manufacturers. People familiar with the talks said most-favoured-nation rates could apply to some Chinese items, but no official HS list has been released.
China’s Ministry of Commerce spokesperson Huang Ling said on 10 Sep (Xinhua) that both sides were consulting on a USD 30 billion reciprocal tariff-reduction framework and working toward early implementation, following consensus from the May Beijing leaders’ meeting. Separate coverage notes the existing tariff truce from late 2025 runs into November 2026, so a small reciprocal package would be a signal of engagement rather than a full reset of bilateral duties.
For importers, the practical gap is still large: bilateral goods trade exceeded USD 400 billion in the first eight months of 2026 in the same reporting, so USD 30 billion per side is limited in scale. US Trade Representative Jamieson Greer has publicly flagged possible agriculture-related announcements and Board of Trade moves on categories such as toys, games and fireworks, but those remain expectations, not published decisions.