The U.S. and China Agree to Slash Tariffs

Welcome back to World Brief, where we’re looking at U.S.-Chinese trade negotiations, a failed suspected terrorist attack on a British air base, and Spain’s worsening housing crisis. Offers on the Table China and the United States have agreed to slash tariffs on a slew of “nonsensitive” products collectively worth $60 billion, from Chinese toys to U.S. cosmetics. The cuts represent a step toward reducing the rival superpowers’ trade war after sweeping U.S. duties on Chinese goods reached a whopping 145 percent last year. According to U.S. Trade Representative Jamieson Greer, the tariff cuts will unlock “improved market access” for roughly…