US, China agree to cut tariffs on $60B worth of products
Summary
The United States and China have agreed to reduce tariffs on $60 billion worth of products, with each country lowering tariffs on $30 billion of goods. This deal follows a recent meeting between President Donald Trump and Chinese President Xi Jinping in Washington, D.C.Key Facts
- The U.S. and China agreed to cut tariffs on products valued at $60 billion total.
- Each country will reduce tariffs on $30 billion worth of goods.
- The agreement is called the "30-by-30" framework.
- Some Chinese products with lower tariffs include fireworks, kitchenware, flashlights, baseballs, softballs, and fishhooks.
- The deal was announced after a meeting between President Donald Trump and President Xi Jinping in Washington.
- The White House confirmed the tariff reductions.
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