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US and China release goods lists for $30 billion tariff cuts
China’s commerce ministry said about 90% of the listed products would see tariffs cut to most-favored-nation rates.
The US and China released lists of goods worth $30 billion that they plan to cut tariffs on, but the releases did not specify how much the levies would be reduced, according to LiveMint Markets.
The lists cover 77 Chinese products and 1,619 products from the US.
China’s Ministry of Commerce separately said that about 90% of the products covered by the reciprocal arrangement would have their tariffs reduced to most-favored-nation rates.
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Sources
LiveMint MarketsHere’s the List of Goods the US, China Agreed on for Tariff Cuts