US and China plan tariff cuts on roughly $30 billion of imports each

Bloomberg describes a plan to reduce tariffs on roughly $30 billion of imports on each side after the Trump-Xi summit. A market post citing China's commerce ministry says the goods would include Chinese toys, appliances and baby products, along with US agricultural products, medical devices and coal. The post sharing Bloomberg's report notes that the combined $60 billion in bilateral trade is a fraction of $415 billion in annual trade.