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US and China move toward managed trade deal cutting tariffs on 30 billion non sensitive goods

International
Published on 13 May 2026
US and China move toward managed trade deal cutting tariffs on 30 billion non sensitive goods

Tariffs may fall on 30 billion dollars of goods

The US and China are preparing a managed trade framework focused on non sensitive goods, potentially reducing tariffs on about 30 billion dollars worth of products. The approach is designed to expand commerce while protecting national security concerns. US business leaders are joining President Donald Trump in Beijing for the key summit where the plan is expected to advance.

  • US China are exploring a managed trade system for non sensitive goods
  • Deal could reduce tariffs on around 30 billion dollars of goods
  • Framework aims to grow trade without risking national security
  • Trump and US business leaders will press talks at the Beijing summit
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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