US, China List $30B in Goods for Reciprocal Tariff Cuts; EU Pork, Dairy Face Risk

The US and China have identified $30 billion worth of goods on each side eligible for reduced tariffs under a trade deal struck at last week's Trump-Xi summit, though neither side specified cut depth or timing. China listed 1,619 US product categories; the US listed 77 Chinese categories. Xi concluded a three-day Washington visit Friday; Beijing confirmed the arrangement Saturday. The lists were drawn up by the US-China Board of Trade. USTR Jamieson Greer said the goods could receive "more favourable tariff treatment in the future." The deal extends an October truce reached in South Korea, now extended to January 10, following tariffs exceeding 100%. China's list is dominated by agriculture — beef, pork, poultry, seafood, dairy, grains, wine and whiskey — plus coal and roughly 150 timber products. Beijing committed to importing at least 10 million metric tons of US coal in 2027 and 2028. Medical equipment including MRI scanners and pacemakers is also covered. The US list centers on consumer goods: fireworks, Christmas ornaments, microwaves, toasters, bed linen, tennis balls and toys without wireless connectivity. EU pork, dairy and wine exporters face potential price disadvantages.