September 28, 2026
United States:
US, China to Cut Tariffs on $60 Billion of Non-Sensitive Goods
The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, taking a step toward fulfilling a key outcome of last week’s summit between Donald Trump and Xi Jinping.
The proposed relief spans Chinese toys, kitchenware and other household goods, as well as US agricultural products, coal and medical equipment.
Europe:
Europe Draws More LNG as Hormuz Crisis Tightens Global Market
European imports of liquefied natural gas are rising ahead of the Northern Hemisphere winter, as prolonged disruptions to flows through the Strait of Hormuz threaten to intensify global competition for the fuel.
Deliveries to the European Union and UK are about 4% lower than a year ago on a 30-day moving average, but have increased since early August, when imports were 30% below last year’s levels, ship-tracking data compiled by Bloomberg show.
Asia:
China Studies Policies to Boost Economy, Stabilize Housing Market
China will study new policies to stabilize the property market, promote employment and boost domestic demand in response to issues emerging in the economy.
The State Council, or China’s cabinet, in a meeting chaired by Premier Li Qiang pledged to step up counter-cyclical adjustments in economic policy to meet the government’s goals for this year, state media Xinhua reported Monday.
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