Tariff Truce and Coal

U.S. and China reduce tariffs on consumer goods and agree to coal imports

Following a summit in Washington, the United States and China agreed to reduce tariffs on $30 billion of non-sensitive goods in each direction, including U.S. agricultural and seafood exports and Chinese consumer products such as toys and small appliances. China also committed to importing 10 million metric tons of U.S. coal in both 2027 and 2028. The countries extended their broader tariff truce for two months and plan to establish an artificial-intelligence dialogue by November while continuing trade and economic discussions. The limited easing leaves broader disputes, including concerns over rare-earth supplies, unresolved.

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