US and China plan tariff exemptions on farm, medical and low-tech goods
Washington and Beijing are finalising terms of a narrower trade deal due Monday
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The United States and China plan to exempt agricultural, medical and low-tech goods from tariffs, according to the two governments. Washington and Beijing are finalising terms of a narrower trade deal due Monday.
USTR Jamieson Greer has said the two countries are in a managed trade situation, with full terms to follow next week. Greer has also said the countries reached a deal on a subset of goods, with details due Monday, and that export controls and security measures stay out of the talks.
Trump called his meeting with Xi very productive as trade talks continue. Greer has said the agreements followed a truce extension after Xi's visit.
The exemptions follow weeks of managed trade talks and amount to concrete carve-outs rather than a broader tariff rollback, a sign both sides are willing to compartmentalize gains. The move is consistent with the extended truce through January and a pattern of targeted agreements on lower-risk sectors, leaving room for continued negotiation on tougher issues such as export controls.