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US, China strike deal to lower tariffs on $30B in goods after Trump

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The United States and China agreed to lower tariffs on $30 billion in goods traded between the two countries after a three-day summit between President Donald Trump and Chinese President Xi Jinping in Washington, D.C. According to the White House, the $30 billion in reciprocal tariff reductions apply to "non-sensitive goods." U.S.

exports, including agricultural products, fish and seafood, logs and wood products, cosmetics and medical devices will receive favorable tariff treatment in China. Meanwhile, U.S.

imports of Chinese-made small appliances, toys, holiday decorations and children's car seats will also receive preferential treatment. The agreement was reached through the U.S.-China Board of Trade, a body first proposed during Trump's visit to China in May and form…

المصدر: foxnews politics

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