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WSJ: US and China agree to lower tariffs on $30 bln in trade
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The United States and China announced an agreement to lower tariffs on $30 billion worth of less sensitive trade in both directions, marking a tangible outcome from the summit between President Donald Trump and Chinese President Xi Jinping held this week. The deal represents a de-escalation in the ongoing trade tensions between the world's two largest economies, though it covers only a portion of the total bilateral trade volume. The specific goods affected and the timeline for the tariff reductions were not detailed in the announcement. The agreement signals a potential thaw in relations following months of escalating tariffs and retaliatory measures.
Source report
The United States and China have announced an agreement to reduce tariffs on $30 billion worth of less sensitive goods traded between the two countries. This development marks a tangible outcome from this week's summit between President Donald Trump and Chinese President Xi Jinping.
For further details, see the original report: https://t.co/13HXmUhCgM
Source
WSJWestern
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