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US and China plan tariff cuts on $30B of goods each, boosting trade and retail ahead of holidays.

Market News
28 Sep 2026
CNBC
View Source
Bullish
US and China plan tariff cuts on $30B of goods each, boosting trade and retail ahead of holidays.

The US and China announced plans to reduce tariffs on $30 billion worth of goods from each country, including US imports of toys and sports equipment and Chinese imports of American agricultural products. This move aims to ease the US trade deficit with China and could boost US retail sales if implemented before the holiday season. Details on the timing and extent of tariff cuts remain unclear, but the agreement follows recent diplomatic talks and a truce extension on tariffs. The new trade board will meet regularly to manage ongoing trade relations.

The U.S. and China tariff reduction plans on $60 billion of goods provide context for global trade dynamics. For readers following U.S. stocks, here is Pluang's market snapshot as of Sep 28, 2026 14:41 WIB: out of 150 priced US stocks, 56 rose and 86 fell. Notable movers include Barrick Gold Corp at USD 41.06 with a -4.24% change and Kinross Gold Corporation at USD 24.01 with a -4.15% change.

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