White House releases goods for tariff review

The White House has revealed lists of American and Chinese products that may be subject to reciprocal tariff reductions of $30 billion for each side, as part of a trade understanding between Washington and Beijing. The American list includes 77 categories of products, such as electrical appliances and non-internet-connected toys, while the Chinese list encompasses over 1,600 categories, including meats, pesticides, and timber. Both parties confirm that any adjustments to tariffs will be based on the volume of trade in 2024, without specifying a timeline, in an effort to ease trade tensions and gradually resume tariff exchanges.

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