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US and China agree to $60B tariffs deal
A three-day summit between the U.S. and China concluded with an agreement between the two nations to reduce reciprocal tariffs on about $30 billion of imports from each country, reported Bloomberg, which said the deal "was one of the most tangible outcomes of Xi’s state visit to Washington." Asia expert Wendy Cutler questions "when consumers may see these tariff cuts in the store," while Stella Yifan Xie, a correspondent for Nikkei Asia, says that despite the apparent progress, "Washington and Beijing remain deeply divided."
The United States and China have agreed to reduce tariffs on roughly $60 billion worth of goods traded between the world’s two largest economies, delivering one of the clearest economic outcomes from Chinese President Xi Jinping’s state visit to...
