- As the White House explained, it could also lower prices on a variety of consumer goods on which American shoppers have felt the effects of inflation.
How it works: The Trump administration said China would reduce tariffs on certain agricultural and seafood products, wood products, cosmetics and medical devices.
- The United States will reduce tariffs on small appliances, toys, Christmas decorations and children’s car seats.
Between the lines: The White House also said China would import 10 million tons of American coal in 2027 and again in 2028.
The plot: The fact sheet released by the White House was vaguer on the fate of crucial rare earth minerals that have been at the heart of the trade conflict.
- “The United States and China continue to address U.S. concerns regarding supply chain shortages related to rare earths and other critical minerals, with the goal of ensuring that shipping levels return to appropriate levels,” the statement said.
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