The United States and China announced reciprocal tariff reductions on approximately $30bn worth of goods each on 28 September 2026, with a concurrent report placing the combined figure at $60bn. Both governments released product lists covering consumer electronics, agricultural goods, toys, sports equipment, Christmas decorations, and US farm products. No strategic goods were included in the announced lists. The Guardian Business and Bloomberg Markets reported the $30bn figure per side, while CNBC TOP reported a combined $60bn in goods affected.
No implementation timeline was provided alongside the announcement, and the specific mechanism for tariff reduction was not detailed in available reporting. The deal follows a period of elevated trade tensions between the two nations.
The Chinese yuan (CNY) and the US dollar (USD) are the currencies directly implicated in bilateral trade flows affected by this tariff restructuring. Changes to tariff schedules on this scale alter the cost basis of goods priced and settled in both currencies.
Sources: Guardian Business, Cnbc TOP, Bloomberg Markets