Emus, robots, whales and balls to have lower tariffs under US-China deal
Both countries have struck a deal to lower tariffs on non-sensitive goods worth $US60 billion, with the list including live animals, surgical robots and soccer balls.
China and the United States have agreed to a $US60 billion deal to lower tariffs on hundreds of thousands of goods. Agricultural products, live animals, and toys are among the items set to benefit, including whales, surgical robots, emus, and soccer balls. The agreement follows a meeting between US President Donald Trump and Chinese President Xi Jinping.
Both nations released lists of goods valued at $US30 billion each that will face reduced tariffs. American soybeans, the largest single export to China, are not included. Both countries have agreed to maintain tariffs on rare earth minerals and technology linked to artificial intelligence, which continue to face significant trade restrictions.
The deal is expected to boost trade cooperation and market access. It is also anticipated to help American consumers by making household goods cheaper and potentially reduce inflation before the US midterm elections. While the specific tariff reductions and implementation timeline remain unspecified, the agreement is considered a significant step in cooling the trade conflict between the two nations.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
