GENERAL10 Sept 2026
China says it hopes to agree with U.S. on tariff reductions ‘at an early date’
China said on September 10, 2026 that it hopes to agree with the United States on tariff cuts soon. Negotiators are working to lower import taxes on $30 billion of goods. Presidents Trump and Xi are expected to meet in Washington on September 24. If a deal comes, it could ease import costs for businesses that buy or sell Chinese goods.
Key Statutory Highlights
- A Chinese Commerce Ministry spokesperson said negotiators are trying to carry out two-way tariff cuts on $30 billion of goods at an early date.
- U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet in Washington on September 24 for their third face-to-face talks in the past year.
- The two countries had reached a truce in a tariff war, and at their May meeting in Beijing agreed to set up a Board of Trade and a Board of Investment.
Actionable Advice for Taxpayers / Founders:Keep an eye on the September 24 meeting. If you import from or export to China or the U.S., check your landed cost workings and pricing before signing new orders, since duty rates may change. Speak to your tax advisor before locking in long-term contracts.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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