China, US agree tariff cuts on $60 billion of goods including agriculture, household items

China and the US agreed to cut tariffs on $60 billion worth of goods, extending a trade truce. The deal includes US agricultural products and Chinese household items, with China committing to buy US f By Reuters China and the United States have agreed to cut tariffs imposed on $60 billion worth of goods imported from each other, on an array of products ranging from US corn to cosmetics, and from Chinese household appliances to toys. Under the US-China Board of Trade, both countries have each recommended $30 billion of trade in non-sensitive goods for more favourable tariff treatment, US…