U.S. and Chinese officials have reached a preliminary deal to slash tariffs on billions of dollars' worth of goods, marking a significant step toward easing trade tensions between the world's two largest economies. The agreement targets high-value sectors, including technology and agriculture, though key disputes—such as intellectual property protections and market access—remain unresolved. Both sides emphasize the move as a confidence-building measure ahead of broader negotiations, though critics warn the deal may fall short of addressing deeper structural imbalances. Details on enforcement and exemptions are still under review, leaving room for uncertainty over its long-term impact.
Washington and Beijing announce details of agreement to reduce tariffs on $60bn of trade.
