Ministry of Commerce Announces Information on the China-U.S. Trade Council and the “$30 Billion-for-$30 Billion” Reciprocal Tariff Reduction Framework
商务部公布中美贸易理事会和“300亿对300亿”对等降税框架有关情况
Source: Ministry of Commerce Press Office Type: Original Category: News 2026-09-28 10:33 In May 2026, the heads of state of China and the United States met in Beijing and agreed that the two sides would establish an intergovernmental trade council.
Trade & market accessEU industry & firmsEU institutionsAdverseMaterialRepeatable instrument
The mechanism
China and the United States agreed a reciprocal framework covering about $30 billion of imports each, with additional tariffs removed on more than 90% of covered products once domestic procedures are completed. Chinese toys, home appliances and household goods would then enter the US at lower tariff cost. EU manufacturers selling competing consumer products in the US face a narrower price advantage, assuming the final lists overlap with their US sales.
The stakes
The larger signal is renewed China-US tariff-management capacity rather than the initial $30 billion. It matters far less if domestic approval stalls, the product lists stay narrow, or the council does not produce further tariff arrangements.
How it reaches Europe
- China-US tariff framework agreedBoth sides reached consensus on reciprocal reductions covering approximately $30 billion of imports each.
- Additional tariffs are removedMore than 90% of covered products receive exemption from mutually imposed additional tariffs after domestic procedures.
- Chinese US entry costs fallThe US list includes Chinese toys, home appliances and household goods.
- EU consumer-goods exporters face pressureLower Chinese tariff costs can compress prices where EU producers sell comparable goods in the US.