On September 27, 2026, The United States and China reached an understanding on the “30-for-30” framework to be operationalized by the U.S.-China Board of Trade.
Previously, the United States and China agreed to establish a government-to-government “U.S.-China Board of Trade.” The two sides also agreed that the initial focus of the Board of Trade is to be on a dialogue to consider lists of mutually agreed upon imported goods totaling roughly $30 billion on each side, with a view toward providing reduced tariff treatment to those goods in a reciprocal manner. The two sides further agreed to work expeditiously to identify certain goods for inclusion in the “30-for-30” framework.
The Deputies to the U.S. and Chinese Principals have taken the lead in developing proposed lists of products for inclusion in the “30-for-30” framework for consideration by the Principals, with support from staff. The Principals have approved two comparably valued lists of products, including a list of U.S. products for import into China and a list of Chinese products for import into the United States. The values attributable to the products on the two lists were determined by reference to annual bilateral trade values for calendar year 2024. Future tariff reductions involving the products on the two approved lists will be determined and implemented in accordance with each side’s domestic legal processes.
Articles Proposed for Reduction of Chinese Import Tariff when Imported from America HTS English Description Chinese Description 5101.10 Greasy, including fleece-washed wool 5101.11 Shorn wool 未梳的含脂剪羊毛 5101.19 Other 未梳的其他含脂羊毛 5101.20 Degreased, not carbonised 5101.21 Shorn wool 未梳的脱脂剪羊毛 5101.29 Other 5101.30 Carbonised 未梳的其他脱脂羊毛 5102.10 Fine animal hair 5102.11 Of Kashmir (cashmere) goats 未梳碳化羊毛 5102.19 Other 未梳喀什米尔山羊毛 5102.19 Other 未梳兔毛 5102.19 Other 未梳其他山羊绒 5102.19 Other 未梳骆驼毛、骆驼绒 5102.20 Coarse animal hair 未梳的其他动物细毛 5103.10 Noils of wool or of fine animal hair 未梳的动物粗毛 5103.10 Noils of wool or of fine animal hair 羊毛落毛 5103.20 Other waste of wool or of fine animal hair 其他动物细毛落毛 5103.20 Other waste of wool or of fine animal hair 羊毛废料 5103.30 Waste of coarse animal hair 其他动物细毛废料 5104.00 Garnetted stock of wool or of fine or coarse animal hair 5105.10 Carded wool 5105.20 Shorn wool 5105.21 Combed wool in fragments 5105.29 Other 5105.30 Fine animal hair, carded or combed 5105.31 Of Kashmir (cashmere) goats 5105.39 Other 5105.40 Coarse animal hair, carded or combed
