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

The United States and China have pledged to cut tariffs on $60 billion worth of products to stabilize relations and ease trade tensions. Following a meeting between President Trump and President Xi Jinping in Washington, D.C., both nations unveiled lists covering $30 billion each. The "30-by-30" framework includes lower tariffs on various Chinese goods, such as fireworks, kitchenware, flashlights, baseballs, softballs, and fishhooks, as they prepare for further negotiations between the two countries.