US China cut $30B in tariffs

Emma James 09/29/2026

The world’s two largest economies, the United States and China, have struck a significant deal aimed at smoothing the path for bilateral trade. The agreement successfully reduces tariffs on approximately US$30 billion worth of goods exchanged between the two nations, a move that promises ripple effects across global markets, particularly in the fast-growing beauty and personal care sectors.

This substantial arrangement is not just an abstract economic maneuver; it provides concrete relief for businesses and consumers. The scope of the agreement covers a vast array of products, encompassing 77 categories of Chinese goods entering the US and 1,619 categories of US goods entering China.

While the specific details of the tariff reductions are still being fine-tuned, the core promise is clear: approximately 90 percent of the covered products will see their tariffs reduced to most-favoured-nation rates. This reduction is set to lower import costs, making cross-border commerce more competitive.

One of the most engaging aspects of this trade agreement lies in its impact on the cosmetics industry. The agreement specifically addresses goods related to beauty and personal care, establishing a framework that benefits companies trading between these massive consumer markets.

For beauty and personal care companies, the reduction in costs is particularly meaningful. The lists specify that China’s tariff-cut list includes cosmetics imported from the US, while the US list covers specific items, such as certain cosmetic brushes, electric shavers, and hair-removal appliances imported from China.

This focus signals a concerted effort to facilitate easier movement of beauty tools and raw materials, directly addressing the high costs that often impede trade in these sectors. By streamlining customs procedures and lowering duties, the deal is poised to create more efficient supply chains.

Ultimately, this trade pact is a win for global commerce, offering a tangible opportunity to reduce friction in international trade and unlock new avenues for growth in a shared consumer landscape.