US, China agree to cut tariffs on $60B worth of products

The U.S. and Chinese governments unveiled $30 billion each worth of products subject to lower tariffs, after President Trump and Chinese President Xi Jinping met last week in Washington, D.C., according to the White House. Chinese products subject to lower tariffs under the new “30-by-30” framework include fireworks, kitchenware, flashlights, baseballs and softballs and fishhooks,…