US, China Cut Tariffs on $60B in Products — SkimNews
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- U.S. and Chinese governments each unveiled $30 billion worth of products subject to lower tariffs, totaling $60B in reciprocal tariff cuts under a new "30-by-30" framework, per the White House
- The tariff announcement follows Trump's meeting with Xi Jinping in Washington last week, the source notes
Why it matters: The "30-by-30" framework commits both sides to reciprocal tariff reductions covering $60 billion in bilateral trade, but the source text is truncated and does not specify which products on either side are included or excluded.
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