China and the United States have agreed to cut tariffs imposed on $60 billion worth of goods imported from each other, on an array of products ranging from US corn to cosmetics, and from Chinese household appliances to toys, APA reports citing Reuters.
Under the US-China Board of Trade, both countries have each recommended $30 billion of trade in non-sensitive goods for more favourable tariff treatment, US Trade Representative Jamieson Greer said in a statement on Sunday.
For the United States, that was "unlocking improved market access" for about 30% of US exports to China, he said.
The reciprocal tariff reduction as well as an extension of a trade truce were among the key takeaways from the second summit this year between President Xi Jinping and US President Donald Trump, hosted in Washington last week.
One of two lists from the White House showed that China planned to trim duties, opens new tab on a variety of US agricultural goods including corn, wheat, sorghum, meat, dairy, vegetable oils and meals. It did not include soybeans.