US and China name goods for possible tariff cuts – what it means for Europe

AI Summary

The United States and China have published lists of goods that could receive lower tariffs under their 30-for-30 framework, covering roughly $30 billion in annual trade in each direction. No tariff rates or start date have been announced, and the possible inclusion of US pork, dairy, and whiskey could increase competition for European exporters.

Washington has published lists of goods the US and China could tax at lower rates under their “30-for-30” framework, covering about $30bn (€26.3bn) in annual trade each way. No rates or start date have been set, but US pork, dairy and whiskey on Beijing’s list could squeeze European exports.