Lot No. LOT-1567 · offered September 28, 2026
Trade & ExportsLot sheet
White House '30-for-30' China Tariff Framework Covers $60 Billion in Trade
The '30-for-30' framework cuts tariffs on $60 billion in U.S.-China trade, with 1,619 U.S. goods — heavy on ag — gaining access while soybeans stay behind a 10% levy.
Market notes
- The U.S.-China '30-for-30' framework cuts tariffs on $30 billion in goods from each nation, covering $60 billion in total trade.
- The U.S. list includes 1,619 items — wheat, corn, livestock, meat, dairy, fruits and vegetables — but soybeans remain subject to a 10% tariff.
- China's commerce ministry says over 90% of listed products will return to most-favored-nation tariff levels.
- U.S. soybean exports to China fell from 24.43 MMT (Oct 2017–Mar 2018) to 2.69 MMT a year later, while Brazil's grew from 14.23 MMT to 25.70 MMT.
- A Nov. 1, 2025 deal commits China to at least 12 MMT of U.S. soybeans in late 2025 and at least 25 MMT annually from 2026 through 2028.

The White House has released a list of 1,619 U.S. goods set to receive reciprocal tariff reductions under the new "30-for-30" framework with China, a deal covering $30 billion in goods from each nation — $60 billion in total trade — and potentially boosting market access for American farmers.
The agreement follows a meeting last week between President Donald Trump and Chinese President Xi Jinping, part of a broader White House effort to rebuild relations with Beijing after the trade tensions that marked the start of Trump's second term. U.S. Trade Representative Jamieson Greer framed the deal in terms of export volume.
"From agricultural products to medical devices, President Trump is unlocking improved market access for about 30 percent of U.S. exports to China, while benefiting consumers with imports from China of household goods, toys, and other products that the United States generally does not import from other countries," Greer said in a press release.
The U.S. list includes wheat and corn. It notably excludes soybeans, which remain subject to a 10% tariff. According to the Associated Press, China's commerce ministry said tariff rates on more than 90% of the listed products would return to "most-favored-nation" levels — effectively dropping country-specific levies on those goods.
Agriculture dominates the U.S. side of the ledger. The list includes livestock — cattle, goats, pigs, turkey and chicken — and opens the market to U.S. ranchers selling beef, pork and other meat products. Fruits and vegetables named include broccoli, sweet corn, potatoes, bananas and citrus fruits. Dairy also gains ground: the framework outlines food products made from malt extract, grain flour and dairy products, along with milk, yogurt and whey.
Soybeans were not entirely left out. The list identifies soybean seeds, soybean flour, soybean oil and its separated products, soybean cake and soybean residues as in line for tariff cuts — but not whole beans, the commodity that anchors the U.S.-China ag trade relationship.
The exclusion matters because of history. The U.S. once dominated the Chinese soybean market, but after the trade war during Trump's first administration, China shifted purchases to Brazil.
The numbers show how fast that share moved. Between October 2017 and March 2018, U.S. soybean exports to China reached 24.43 million metric tons, according to USDA's Economic Research Service. Over the same window in 2018-2019, Chinese imports of U.S. soybeans collapsed to 2.69 MMT. Brazil's exports to China over the comparable period grew from 14.23 MMT to 25.70 MMT — a gain of 11.47 MMT.
The U.S. has struggled to claw that back. On Nov. 1, 2025, the Trump administration unveiled a separate deal in which China agreed to purchase at least 12 MMT of U.S. soybeans in the final two months of 2025 and at least 25 MMT annually from 2026 through 2028. China has purchased roughly 12 MMT since October 2025.
The Chinese side of the framework is far narrower. Only 77 products — $30 billion in goods entering the U.S. — made the list, including fireworks, electric blankets, artificial flowers, flashlights, Christmas ornaments and fish hooks.
Both lists remain subject to change. "Future tariff reductions involving the products on the two approved lists will be determined and implemented in accordance with each side's domestic legal processes," a White House fact sheet said.
Oversight falls to deputies of U.S. Treasury Secretary Scott Bessent, Greer, and Chinese Vice Premier of the State Council He Lifeng, who will monitor bilateral trade in the covered products and can propose adjustments. The two countries do not anticipate making adjustments more often than annually.
For growers of wheat, corn, livestock and dairy, the framework signals reduced friction on roughly a third of U.S. exports to China — but the fate of the soybean tariff, and the durability of the purchase commitments running through 2028, will shape farm-level returns well beyond the current reporting window.
via ustr.gov (Original)
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