China and US set $30bn each-side reciprocal tariff cuts
September talks advanced a Board of Trade and reciprocal cuts on roughly $30 billion of goods on each side; IBA and PIDE say Pakistan import-export stakes are high.
China and the United States advanced work on a China-US Board of Trade during September economic and trade consultations.
They agreed a reciprocal tariff-reduction framework covering about $30 billion of goods on each side.
China’s Ministry of Commerce said tariffs on around 90% of covered products would fall to most-favoured-nation rates after domestic procedures.
Pakistani economists say more stable China–US trade could ease import and export uncertainty, but may also shrink tariff-driven relocation opportunities.
The Kuala Lumpur economic and trade arrangement has been extended only to 10 January 2027, so volatility may return.