The Kobeissi Letter, a markets commentary publication, reported on Monday, September 28, 2026, that the United States and China have reached a new trade agreement. The publication stated, "BREAKING: The US and China announce a "30-for-30" trade deal, with each country cutting tariffs on $30 billion worth of goods. China's list covers 1,619 categories of American products, while the US list contains 77 categories of Chinese goods. China has also committed to importing at least 10 million metric tonnes of US coal in 2027 and 2028. The total value of the trade deal is $60 billion."
This announcement follows recent discussions between the two economic powers. Gokhshtein Media previously covered President Trump and Xi Jinping ending a Washington Summit with a tariff extension and a pledge regarding pandas. The new deal suggests a shift in trade relations, potentially easing some previous tensions. The US 10-Year Treasury yield is currently at 5.27%, up 10 basis points today, while the S&P 500 is down 0.8% today.
The reported agreement implies a targeted effort to boost trade in specific sectors and could alleviate some inflationary pressures from tariffs. The commitment for China to import US coal also highlights a strategic energy component to the deal. Observers will be watching for the specific goods covered and the timeline of tariff reductions to assess the full economic impact.
