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

The U.S. and China unveiled $30 billion each in products subject to lower tariffs under a new '30-by-30' framework, following a meeting between President Trump and President Xi Jinping in Washington, D.C. Chinese goods affected include fireworks, kitchenware, flashlights, baseballs, softballs, and fishhooks. The White House announced the agreement, marking a step toward easing trade tensions.