US and China agree to lower tariffs on $30 billion of goods

The White House says the US and China will lower tariffs on $30 billion of non-sensitive goods following the Trump-Xi summit. China’s foreign ministry described the arrangement as reciprocal, meaning each country is offering comparable relief rather than making a one-sided concession. Tariffs are border taxes that can raise costs for importers and, ultimately, buyers, so the change should make the covered trade cheaper and less uncertain. But the narrow focus is the point: by leaving sensitive products outside the package, the deal eases friction without resolving the larger US-China trade conflict.