China, US Weigh Tariff Cuts to Extend Trade Truce: Supply Lines

The US and China are eyeing tariff cuts on goods including American energy and agricultural products ahead of the leaders’ summit next week. The moves are expected to be carried out under an earlier plan for reciprocal tariff reductions on roughly $30 billion in trade, with most-favored-nation rates applied to some items from China. Next week’s meetings are also likely to result in an agreement to cut duties on Chinese inputs for manufacturers, Bloomberg News is reporting Wednesday. Fill Story: US-China Discuss Cutting Some Tariffs as Leaders Prepare to Meet That all lines up with comments earlier this month from…