US, China list goods recommended for tariff cuts following Trump-Xi summit

Washington and Beijing announce details of agreement to reduce tariffs on $60bn of trade.The United States and China have unveiled a list of goods recommended for reduced tariffs following last week’s summit between Presidents Donald Trump and Xi Jinping.The release of the list on Sunday comes after Trump and Xi agreed to work towards lowering tariffs on $60bn worth of trade.Recommended Stories list of 4 itemslist 1 of 4Ireland beats Israel 3-0 wearing black armbands to support Gazalist 2 of 4Palestine Action protesters arrested outside UK Labour Party conferencelist 3 of 4Venezuelans rally for opposition leader’s return and presidential electionslist 4 of 4Anthropic CEO Amodei to have dinner with Trump at White Houseend of listThe agreement, which covers $30bn of each side’s imports, identifies 77 Chinese goods and more than 1,600 US products to be considered for more favourable tariff treatment.Chinese goods on the list include microwave ovens, fish hooks, artificial flowers and weighing scales.US exports identified for lower tariffs include poultry, dairy products, noodles, eggs, peanuts, canned tomatoes, pure-breed breeding horses, and silk.US trade Representative Jamieson Greer said the agreement would improve market access for about 30 percent of US exports to China and also benefit US consumers.“The Trump Administration will continue to pursue fair, balanced, and reciprocal trade with China by ensuring compliance with commitments on agricultural and energy purchases, pursuing balanced trade in non-sensitive goods, and securing market access for American farmers, manufacturers, businesses, and workers,” Greer said in a statement.China’s Ministry of Commerce, which confirmed the list on Monday, shortly after the White House announcement, said the sides would discuss “a reciprocal tariff reduction framework of $30 billion for $30 billion, aiming to reach a consensus”.“This arrangement will help stabilize China-US trade, create better conditions for Chinese exports of relevant products to the US, meet domestic market demand, and strengthen trade cooperation in agricultural products, energy, manufactured goods, and consumer goods,” the ministry said in a statement.