U.S. and China Detail $60 Billion Tariff Cut Lists, Favoring U.S. Agriculture and Chinese Consumer Goods
The U.S. and China have released detailed lists for reducing tariffs on $30 billion of goods from each country, totaling $60 billion in trade. The U.S. list focuses on consumer items like toys and Christmas decorations, while China’s list heavily features American agricultural products. These cuts follow a summit between Presidents Trump and Xi and an extension of the tariff truce to January 2026.