U.S. and China Announce Reciprocal Tariff Reductions on $30 Billion in Goods

The U.S. and China have announced a "30-for-30" trade framework, identifying approximately $30 billion worth of goods from both countries for reduced tariff treatment. This initiative, a key outcome of the U.S.-China Board of Trade, aims to ease bilateral trade tensions by modifying tariffs on non-sensitive products, including toys, electrical goods, agricultural products, and medical equipment.