US and China Agree on Tariff-Free Goods List, Full Details to Be Announced Monday
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- Perwakilan Dagang AS Jamieson Greer mengonfirmasi kesepakatan parsial dengan China untuk sejumlah komoditas yang akan mendapat perlakuan tarif lebih ringan.
- Kesepakatan mencakup produk pertanian dan alat medis AS serta barang konsumsi China yang dinilai tidak sensitif, dengan mekanisme perlindungan dari tarif baru.
- Pemerintah Trump berjanji merilis rincian penuh pada Senin, sinyal positif di tengah ketegangan dagang yang masih membayangi pasar global.
United States Trade Representative (USTR) Jamieson Greer announced that Washington and Beijing have reached an agreement on a set of goods that will be traded at lower tariffs. The deal marks concrete progress in negotiations between the world's two largest economies, though it remains partial.
Speaking to CNBC on the Squawk Box program on Friday (25/9/2026), Greer said the two countries had agreed on a list of commodities covering US agricultural products and medical devices, as well as Chinese consumer goods deemed non-sensitive. The main goal is to create a trade zone shielded from potential future tariff hikes.
"We have reached an agreement with China on a number of things," Greer said, adding that the Trump administration would reveal "far more detail" on Monday regarding the outcome of negotiations over the past few weeks.
The move differs from the previous, more sweeping approach. This time, the two countries opted for a selective strategy by separating goods considered non-strategic from the vortex of the trade dispute. According to Greer, those goods could later be traded on "more preferential" terms and potentially exempted if either country imposes new tariffs.
For Indonesia, this partial agreement carries dual implications. On one hand, easing US-China trade tensions could stabilize global commodity prices and smooth supply chains, which have been disrupted by the tariff war. On the other hand, if the US and China become more integrated in trade of non-sensitive goods, Indonesian products could be edged out of both markets.
Senior economist at the Institute for Development of Economics and Finance (Indef), Tauhid Ahmad, said Indonesia needs to watch for emerging gaps. "This agreement could be an opportunity if Indonesia can supply substitute goods not included in their agreement list. But we must also be wary of Chinese exports being diverted to the ASEAN market," he said when contacted by LyndHub.
Several analysts expect the agreement to be an early signal of normalization in trade relations, though it has yet to touch structural issues such as industrial subsidies and technology transfer. Asian financial markets responded positively, with stock indices in Tokyo and Shanghai closing slightly higher on Friday.
Indonesia's government is expected to seize this momentum to accelerate trade negotiations, including with the US, to secure market access for flagship products such as textiles, electronics, and palm oil. The Ministry of Trade has not yet issued an official comment on the latest development.
With the official announcement only days away, Indonesian businesses should start mapping the opportunities and risks from this shift in the global trade landscape. Will this partial agreement become the foundation for a broader trade peace, or the opposite—widening the gap between countries inside the preference circle and those left behind?
