US and China release reciprocal $30 billion product lists for tariff cuts after Trump-Xi meeting

The United States and China have released reciprocal lists of products, each worth about $30 billion, that will see tariff cuts, following a meeting between Chinese President Xi Jinping and U.S. President Donald Trump. This agreement is expected to boost bilateral trade and marks a recalibration of American trade strategy after previous tariff escalations. The lists include a wide range of goods, from agricultural commodities and medical equipment to household items, with tariff rates on over 90% of the products to be subject to "most-favored-nation" levels.