U.S. and China reach trade agreements on specific goods
U.S. Trade Representative Jamieson Greer announces progress in negotiations to insulate certain goods from future tariffs.
Quick Look
U.S. Trade Representative Jamieson Greer announced that the U.S. and China have reached agreements to trade specific agricultural, medical, and consumer goods on more favorable terms, aiming to shield these items from future tariff disputes.
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Why It Matters
The U.S. and China have been engaged in ongoing trade negotiations to address tariff measures and trade disputes between the two largest economies.
U.S. Trade Representative Jamieson Greer told CNBC on Friday that the U.S. and China have reached agreements covering a subset of goods the two countries can trade on more favorable terms, marking fresh progress in negotiations between the world's two largest economies.
"We've actually reached agreement with the Chinese on a number of these things," Greer said on CNBC's "Squawk Box," referring to goods including U.S. agricultural products and medical devices and Chinese consumer goods considered non-sensitive.
Greer said the Trump administration plans to release "a lot more details" Monday about what the two sides have accomplished in negotiations over the past several weeks. He said the goal is to carve out areas of trade that could remain insulated from future tariff measures or broader trade disputes.
The two countries want some goods to be traded on a "more preferential basis" and potentially left aside if either country imposes new tariffs.
What to Watch
AI outlook — possibilities, not facts
Trump administration to release more details on Monday.
Very likely · Within days
Open Questions
- Which specific goods are included in the agreement?
- How will these agreements be enforced?
