Foie gras, live dolphins and toasters: China and US cut reciprocal tariffs on $30bn of goods

The US and China have agreed to cut tariffs on $30 billion worth of goods each, including consumer electronics, agricultural products, and even live dolphins. This move is a step away from the intense trade war between the two countries, which had a significant impact on global markets last year. The reduction in tariffs on these goods could lead to lower prices for consumers and increased trade between the two nations, potentially boosting economic growth.

Why it matters

The US and China have agreed to cut reciprocal tariffs on $30bn of goods, which could increase trade between the two countries. This move is a step away from the trade war and may lead to increased economic cooperation.

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