US and China list $30bn worth of goods for tariff cuts, what it could mean for Europe

AI Summary

The US and China have published proposed lists of goods that could receive lower tariffs under their “30-for-30” framework, covering about $30 billion in annual trade in each direction. No tariff rates or start date have been set, while the 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.