US and China reportedly reach a tariff-cut deal covering $30 billion in goods

Fox News reports that the US and China reached a deal to lower tariffs on $30 billion in goods after a Trump-Xi Washington summit. A post sharing the report lists agricultural products, seafood, medical devices, toys and car seats for preferential treatment. Separately, another post says the trade truce was extended through January 10, 2027, and 1,600-plus products were identified for potential tariff cuts. It says soybeans for crush and food were excluded, Section 301 shipping fees remained suspended, and no new agricultural purchase commitments or timeline for tariff reductions were announced.