Jamieson Greer proposal for $30B tariff cuts highlights Beijing summit

Business May 13, 2026

The US and China are working out a deal to cut tariffs on $30 billion worth of goods that aren't considered sensitive.
This Board of Trade plan, proposed by US Trade Representative Jamieson Greer, is all about making trade smoother while keeping national security in mind.
It's a major talking point at the Trump-Xi summit in Beijing.

U.S.-China pivot to targeted tariff cuts

Instead of pushing for big economic reforms, both sides are now focusing on clear trade targets, like lowering tariffs on things like energy, agriculture, TVs, and footwear.
Trade between the two countries has dropped 29% since 2024, so this new approach hopes to make results more measurable.

US industry concerns slow investment talks

While tariff cuts are moving forward, bigger investment deals are less developed because some US industry groups have raised concerns about Chinese investment.
Both sides will need to compromise if they want these talks to go anywhere.