U.S., China Name $60 Billion In Goods For Tariff Relief. Toys And Farm Products Make The Cut.

Source: International Business Times

Monday's disclosure identifies which products can qualify for more favorable treatment rather than immediately changing the tariffs charged at the border. AFP The United States and China have identified roughly $60 billion in two-way trade for potentially lower tariffs, with toys, household goods and Christmas decorations among the Chinese products on Washington's list and a wide range of American agricultural products among those selected by Beijing. Under the new White House "30-for-30" framework, each country approved a product list representing roughly $30 billion in annual trade.