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MOFCOM (23 Sep): US–China reciprocal tariff cuts still in consultation; $30bn product lists each side not final

China’s Ministry of Commerce said on 23 September 2026 that Chinese and U.S. economic and trade teams are staying in close contact on a reciprocal tariff-reduction framework covering about US$30 billion of products on each side, plus arrangements for a trade council agreed by the two leaders. MOFCOM’s Meng Huating said China is consulting domestic firms, associations, local governments, and U.S. companies/chambers in China; the U.S. side is seeking public comment on the board and tariff framewor

On 23 September 2026, China Daily reported remarks from China’s Ministry of Commerce that Beijing and Washington are consulting stakeholders on reciprocal tariff cuts and will move to put them into effect once arrangements are set. MOFCOM official Meng Huating said the two countries’ economic and trade teams are maintaining close communication on the trade council—a mechanism agreed under the leaders’ consensus—and on a reciprocal tariff-reduction framework covering about US$30 billion worth of products on each side.

Meng said China is consulting widely on the proposed reductions—seeking views from domestic companies and business associations, local governments, and U.S. companies and chambers of commerce in China—while the U.S. side is seeking public comment on the board and the tariff framework. The ministry said both sides will keep communicating, finalize tariff-reduction arrangements for specific products, and advance implementation as soon as possible to support further bilateral trade.

For China-origin importers and procurement teams, the actionable point is process, not a published rate table: no product list, duty cut, or effective date is in the 23 September readout. Treat any reciprocal relief as contingent until USTR/MOFCOM name lines and dates, and continue planning against existing Section 301 list rates, the November exclusion/maritime-fee clocks, and any separate Section 232 clocks already in force.

Source: China Daily / China Services Info (MOFCOM)

Topics

  • tariffs
  • mofcom
  • ustr
  • trade
  • procurement
  • china
  • us-china
  • compliance

Xinhua: 140th Canton Fair opens in Guangzhou; Premier Li Qiang keynotes opening up; 30,000+ exhibitors, ~340,000 overseas buyers

Xinhua (14 Oct 2026, Guangzhou) reports that Chinese Premier Li Qiang delivered a keynote at the opening ceremony of the 140th China Import and Export Fair (Canton Fair). He said China will keep expanding high-standard opening up and will import more high-quality, high-value-added products. This edition gathers more than 30,000 exhibiting companies and about 340,000 overseas buyers. Phase 1 runs 15-19 Oct in Guangzhou, with later phases through 4 Nov.

GACC via NBD: China September exports $447.18bn (+36.3% YoY); imports $313.65bn (+31%); Jan-Sep exports +21.3%

National Business Daily (14 Oct 2026), citing General Administration of Customs (GACC) data, reports that in US-dollar terms China's September 2026 exports were USD 447.18 billion, up 36.3% year on year, and imports were USD 313.65 billion, up 31%. For January to September, exports totaled USD 3,370.7 billion (+21.3%) and imports USD 2,432.58 billion (+27.5%). The same day's SCIO/GACC briefing (China News) put September trade in yuan at RMB 5.16 trillion (+27.5%), the first month above RMB 5 tri

China News: Ningbo-Zhoushan rail-sea intermodal tops 1.6m TEU in Q1-Q3 (+8.5%); September sets monthly record

China News Service (14 Oct 2026, Ningbo), citing Zhejiang Seaport Group, reports that Ningbo-Zhoushan Port handled more than 1.6 million TEU of rail-sea intermodal cargo in the first three quarters of 2026, up 8.5% year on year. September alone exceeded 200,000 TEU, a monthly record. New products include a Middle East rail-sea train from Yiwu, domestic water-rail 'one-document' links, a Yiwu-Qinzhou domestic train, and an Aksu export train with Xinjiang 'one box to the end' export mode.

People's Daily/Jiefang Daily: Shanghai Port hits monthly record 5.135m TEU in September (+6.2%)

People's Daily Shanghai (13 Oct 2026), citing Jiefang Daily, reports Shanghai Port handled 5.135 million TEU in September 2026, up 6.2% year on year and a new monthly record. Mingdong Terminal set its own round-the-clock record at 30,056 TEU in a day. After typhoons Bavi, Dolphin and Sadr, SIPG said it cleared backlog ships with customs, maritime and border support, tightened export gate-in and transshipment flows, and cut non-working waits. Over National Day Golden Week the port handled 1.15 mi

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