China Says US Trade Talks Continue on USD 30 Billion Tariff-Cut Framework
China's Ministry of Commerce said on September 17, 2026, that Chinese and US trade teams are maintaining close communication on a framework for mutual tariff reductions of USD 30 billion, about one week before a meeting of the two countries' leaders. A week earlier, the ministry said the teams were negotiating the reciprocal arrangement and seeking early implementation, after confirming the purchase of 200 Boeing aircraft.
On September 17, 2026, China's Ministry of Commerce said Chinese and US trade teams are maintaining close communication on tariff reduction issues. The statement came about one week before a meeting between the leaders of the two countries.
He Yadong, spokesperson for the Ministry of Commerce, was responding at a press conference to a question about the latest progress in consultations on an arrangement for the two sides to mutually reduce tariffs by USD 30 billion (SGD 38.2 billion). He said the Chinese and US trade teams are currently maintaining close communication on the relevant issues and that progress will be released in due course.
On September 10, 2026, the Ministry of Commerce said the Chinese and US trade teams were earnestly implementing the consensus reached at the Beijing meeting between the two countries' leaders and were negotiating a framework for reciprocal tariff reductions of USD 30 billion, with the aim of implementing it as soon as possible.
Why this event matters
The event has a measured impact on 6 industrys. The strongest current signal is positive for Home Appliances, with intensity 60/100 and 60% confidence over a medium term horizon.
Home Appliances
- Direction
- positive
- Intensity
- 60
- Confidence
- 60%
- Horizon
- Medium term
Computers & Servers
- Direction
- positive
- Intensity
- 60
- Confidence
- 60%
- Horizon
- Medium term
Smartphones
- Direction
- positive
- Intensity
- 60
- Confidence
- 60%
- Horizon
- Medium term
Electronic Components
- Direction
- positive
- Intensity
- 60
- Confidence
- 60%
- Horizon
- Medium term
Apparel & Footwear
- Direction
- positive
- Intensity
- 55
- Confidence
- 60%
- Horizon
- Medium term
Textile Manufacturing
- Direction
- positive
- Intensity
- 55
- Confidence
- 60%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.