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US and China outline tariff cuts covering $60 billion in goods
Reuters reports China plans lower tariffs on US corn, wheat, meat and dairy, but soybeans are excluded. Supply Chain Dive says the White House did not specify the size of the cuts or when they would take effect.
TLDR
Reuters reports the US and China agreed to pursue tariff cuts covering $60 billion in goods, including US agricultural products and Chinese household items. Supply Chain Dive, citing the Trump administration, says the US-China Board of Trade recommended lower tariffs on roughly $30 billion in imports for each country. The White House did not specify the size of the cuts or an implementation date. Reuters says soybeans are excluded from China’s list.
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