ABC News & Headlines – Australian Broadcasting Corporation14 hours ago·3 min read·medium

US and China agree to cut tariffs on $US60 billion of goods

Patrick Martin, Xiaoning Mo

✦AI Summary

The United States and China have agreed to reciprocal tariff cuts on $60 billion worth of goods, including agricultural products and medical equipment. While the deal aims to boost trade, experts note it is limited in scope and excludes major items like soybeans and advanced technology.

Why it matters

This agreement represents a de-escalation in trade tensions between the world's two largest economies, though significant restrictions remain.

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Donald Trump and Xi Jinping met in Washington last week before the tariff deal was announced. ( AP Photo: Alex Brandon )

China and the US have pledged reciprocal tariff cuts on $US60 billion worth of goods.

Agricultural products, live animals and toys are on the lists.

Both countries say the deal will help boost trade, but experts say it remains a limited deal in the scope of bilateral trade between the US and China.

Link copied Share Share article Whales, surgical robots, emus and soccer balls will all face lower tariffs after China and the United States agreed to a $US60 billion ($85.5 billion) deal following US President Donald Trump's meeting with Chinese President Xi Jinping.

Both countries released lists of goods valued at $US30 billion each that are in line for a tariff cut, a move experts say is significant following last week's state visit in Washington.

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