Quartz·1 min read·easy

U.S. and China are detailing tariff cuts on $30 billion in goods after Trump-Xi summit

Cris Tolomia
✦AI Summary

The U.S. and China are finalizing a '30-for-30' framework to reduce tariffs on $30 billion worth of goods. This agreement covers over 1,600 U.S. export items and 77 categories of Chinese imports.

Why it matters

This represents a significant de-escalation in trade tensions between the world's two largest economies.

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The "30-for-30" framework covers 1,619 U.S.

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