Photo: Jacquelyn Martin ~ AP
PODCAST
September 28, 2026 ~ Wayne State supply chain expert Kevin Ketels joined Kevin to break down the latest trade agreement between the United States and China and what it could mean for global markets, businesses, and consumers.
WASHINGTON ~ The new trade deal between the United States and China eases tariffs on roughly $60 billion in goods moving between the two countries, providing targeted relief for industries such as agriculture, timber and consumer products. While the agreement extends a temporary pause on some of the highest tariff rates, many tariffs remain in place, limiting its immediate impact on businesses and consumers.
The agreement also includes plans for China to purchase additional American exports and establishes new trade and investment boards designed to improve communication between the two nations. However, economists caution that consumers are unlikely to see lower prices in the near term because many products currently on store shelves were imported before the agreement took effect and remain subject to existing costs.
