Washington and Beijing to identify nearly $30 billion worth of non-strategic goods for possible tariff relief under a new managed trade framework
The United States will soon invite public comments on which Chinese goods should qualify for lower tariffs as Washington and Beijing move ahead with a limited trade de-escalation framework agreed during President Donald Trump’s summit with Chinese President Xi Jinping.
Speaking at a forum on Tuesday, US Trade Representative Jamieson Greer said the U.S. government will issue a public notice seeking industry feedback on products that could become eligible for tariff reductions.
The move follows an agreement between the US and China to establish a joint “Board of Trade” aimed at identifying nearly $30 billion worth of non-strategic goods on which both countries could lower or eliminate tariffs.
Greer, however, made it clear that Washington is not abandoning its broader tariff strategy against China. “I get to keep tariffs on China, which is pretty awesome,” he said while defending the outcome of Trump’s Beijing summit.
He added that U.S. tariffs on Chinese imports would likely remain structurally higher than those imposed on other countries, signaling that Washington still views Beijing as a long-term strategic competitor despite the thaw in trade tensions.
According to Greer, the Trump administration has accepted that a sweeping transformation of China’s political and economic system is unlikely. Instead, the US is pursuing what he described as a “managed trade” approach focused on stability, selective market access, and strategic controls.
The summit between Trump and Xi also resulted in major commercial agreements, including Chinese commitments to purchase 200 Boeing aircraft and nearly $17 billion worth of U.S. agricultural products. Analysts say fulfilling those agricultural commitments could require Beijing to roll back retaliatory tariffs imposed during earlier phases of the U.S.-China trade war.
Greer dismissed speculation that Trump would offer major concessions to China during the summit, saying Washington had maintained its tariff framework while continuing to secure access to critical rare earth supplies from Beijing.
First Published:
May 27, 2026, 06:08 IST
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