US and China agree to cut tariffs on $30 billion in goods

Following a summit between President Trump and Chinese President Xi Jinping in Washington, the two countries agreed to reduce tariffs on $30 billion worth of "non-sensitive goods" traded between them. China will give favorable treatment to U.S. agricultural products, seafood, wood products, cosmetics and medical devices, while the U.S. will do the same for Chinese small appliances, toys and other goods. The deal was reached through the U.S.-China Board of Trade; further details are expected Monday.