China and U.S. Agree on $30 Billion Tariff Cuts, Beijing Says

China and the United States have agreed to reduce tariffs by $30 billion, according to reports from Bangkok Post. The agreement was announced on September 26, 2026. The reduction targets goods in key sectors, including technology and agriculture. The deal is seen as a significant step toward resolving long-standing trade disputes between the two powers. The announcement was made by Beijing, with no direct statement from the U.S. government. While the exact terms of the tariff cuts remain unspecified, the agreement is expected to lower costs for businesses and consumers in both countries. The move follows months of negotiations and signals a potential shift in the trade relationship between the world's two largest economies. No sources have diverged on the details of the agreement. All reports from Bangkok Post confirm the $30 billion reduction and the involvement of both China and the United States.