Reuters learned about the agreement of the United States and China to reduce duties by $ 30 billion

The United States and China agreed to mutually reduce duties on goods by $ 30 billion during the visit of Chinese President Xi Jinping to Washington. Reuters reports.

It is about the export of agricultural products, wood and cosmetics, as well as the import of small household appliances, toys, decor items. “Both sides reached consensus on recommendations for a more favorable tariff treatment for $30 billion worth of customs-insensitive goods in each direction,” the White House said in a statement.

During Xi’s first state visit to the United States in more than 10 years, the two sides also extended the trade truce until January. According to the head of the US Treasury, Scott Bessent, during this time the parties will be able to agree on a larger package of economic agreements.