Daily Market Updates: China and the U.S. pledged tariff cuts on $60 billion in goods

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China and the U.S. pledged tariff cuts on $60 billion in goods

The countries released separate product lists covering thousands of items as they work to reduce trade tensions ahead of more negotiations.

Reported · Written up by our desk · Trade & Tariffs

The U.S. and China pledged to cut tariffs on $60 billion worth of goods, as both sides moved to ease trade tensions and stabilize relations.

NYT Business reports that each country released its own list covering thousands of products included in the tariff-cut plan.

The announcement is intended to support ongoing talks, which are scheduled to continue as the two sides work through the next steps of the negotiations.

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Global MarketsU.S. and China agree to $60 billion in tariff cuts

Sources

NYT BusinessChina and the U.S. Pledge to Cut Tariffs on $60 Billion in Goods

Global Markets

China and the U.S. pledged tariff cuts on $60 billion in goods

More like this

Sources

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