China and the United States agree to cut tariffs on $60 billion of goods

China and the United States agreed to cut tariffs on $60 billion of goods imported from each other. The tariff reduction and trade truce extension resulted from the second summit between President Xi Jinping and US President Donald Trump in Washington.
China's commerce ministry confirmed a two-month extension of the trade truce with the US, setting the new end date as 10 January. China plans to reduce duties on various US agricultural goods, including corn, wheat, sorghum, meat, dairy, and vegetable oils.
Furthermore, China will examine lowering levies on US fish and seafood, wood products, cosmetics, and medical devices. Washington's reciprocal tariff cuts will cover Chinese small appliances, such as toasters and coffee makers, alongside toys and bed linens.
Each nation recommended $30 billion of trade in non-sensitive items for more favourable tariff treatment, according to US Trade Representative Jamieson Greer.































