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The United States and China have agreed to reduce tariffs on $30 billion worth of non-sensitive goods, a component of a trade package finalized during this week's summit between President Donald Trump and President Xi Jinping, according to the White House.
The announcement signals a potential thaw in the trade conflict that escalated between the two nations last year.
The White House detailed that China will lower tariffs on specific agricultural products, seafood, wood products, cosmetics, and medical devices.
administration will reduce tariffs on small appliances, toys, holiday decorations, and children's car seats. Officials noted that these changes could lower prices for American consumers facing inflationary pressures.
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