China's Ministry of Commerce announced on Monday that China and the United States have officially finalized plans for trade and investment committees and agreed to cut tariffs on $30 billion worth of goods. China will purchase U.S. coal, with the U.S. stating a minimum of 10 million tons annually, and plans to make purchases in 2027 and 2028. Additionally, both sides will establish working groups to discuss agricultural trade, and industry dialogues are set to commence by the end of 2026.