Recent developments have emerged in China-U.S. trade policy discussions. At a regular press briefing on September 10, China’s Ministry of Commerce stated that China-U.S. economic and trade teams are consulting on arrangements for reciprocal tariff reductions on certain goods and hope to reach an agreement as soon as possible. According to public reports, the discussions involve goods worth approximately US$30 billion on each side. Based on previous statements from the U.S. side, the proposed scope is mainly focused on “non-sensitive products.” Currently, the specific product lists, tariff reduction levels, and implementation timeline have not been announced, and the relevant tariffs have not yet been officially adjusted. For export companies involved in the U.S. market, continued attention should be paid to future policy developments, product eligibility, and the actual implementation timeline. 

China’s Ministry of Commerce stated at a regular press briefing on September 10 that China-U.S. economic and trade teams are conducting consultations on reciprocal tariff reduction arrangements for certain goods, as part of efforts to implement the trade and economic consensus previously reached by the leaders of both countries. The two sides hope to reach an agreement as soon as possible. According to public reports, both sides are considering selecting goods worth approximately US$30 billion each to study the implementation of corresponding tariff reductions. Previous statements from the U.S. side indicated that the scope of potential adjustments would be selected from “non-sensitive products” with approximately equivalent trade values from both sides.

However, the two sides have not yet announced the specific product lists, tariff reduction levels, or implementation dates. Therefore, the development should not be interpreted as the cancellation of existing China-U.S. tariffs, nor does it mean that all goods exported to the U.S. will receive tariff reductions.

For export companies serving the U.S. market, current quotations and cost calculations should still be based on the existing effective tariff rates. If both sides officially release product lists in the future, companies will need to assess whether their products qualify for the adjustments based on factors such as HTSUS codes, country of origin, and import dates.

It should be noted that the arrangement remains at the consultation stage and does not mean that the relevant tariffs have already been officially removed or adjusted. The specific products covered, tariff reduction levels, and implementation timeline still require further announcements from both sides.

For exporters, companies primarily serving the U.S. market should continue monitoring whether their products fall within the potential adjustment scope. Until any policy changes are officially implemented, businesses should continue evaluating quotations, cost calculations, and order arrangements based on current tariff policies.

For products involving U.S. imports, long-term contracts, or longer pricing cycles, closely tracking future policy developments will help companies better assess potential changes in supply chain costs.