🇺🇸🇨🇳 The U.S. and China have released their full tariff cut lists as part of a $60 billion trade deal. Here's what's getting cheaper:
What America will import cheaper from China:
• Fireworks, toys, and playing cards
• Electric blankets, kitchen appliances, and microwave ovens
•Tableware, bed linen, and curtains
• Shavers, hair-removing appliances, and flashlights
• Children's furniture, car seats, and play yards
• Sports equipment, fishing gear, and billiards tables
• Christmas ornaments and decorations
• What China will import cheaper from the US:
• Beef, chicken, lamb, and seafood (tuna, cod, crab, lobster)
• Wheat, corn, rice, barley, and soybeans
• Dairy products (cheese, butter, cream)
• Coffee, tea, and juice
• Tobacco and cigars
• Medical equipment (MRI devices, dental equipment)
• Coal and energy products
China also confirmed that 90% of covered products will have tariffs reduced to most-favored-nation rates.
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