Tariff

U.S.-China Tariff Framework: What the $60 Billion Deal Actually Changes

The U.S. and China approved roughly $30 billion of trade on each side for potential tariff relief, but implementation still determines what companies actually owe.

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TL;DR:
The U.S.-China tariff framework covers roughly $30 billion of trade on each side, but the tariff reductions still require domestic implementation. Companies should track operative tariff treatment before recognizing savings.

What you need to know

The change: The U.S. and China approved two comparably valued lists of non-sensitive products covering roughly $30 billion of trade on each side for potential reduced tariff treatment. Terms of Reference for the 30-for-30 Framework
Who is affected: Companies trading covered products and the finance, legal, customs, procurement, compliance, and risk teams managing tariff exposure.
Why it matters: The roughly $60 billion figure refers to the value of trade represented by the two lists, not tariffs eliminated.
What to do first: Determine whether company products fall within the covered scope, then track the implementing tariff measures before recognizing any savings.
Key trigger: Domestic legal implementation that establishes the applicable tariff treatment.

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