US and China publish lists of goods proposed for tariff reductions after Trump-Xi summit

The United States and China have each released lists of goods proposed for reduced tariffs, following a summit last week between Presidents Donald Trump and Xi Jinping.

The lists were made public on Sunday, after the two leaders agreed to work towards cutting tariffs on a combined $60bn of trade between the two countries.

Under the arrangement, which applies to $30bn of imports from each side, 77 Chinese products and more than 1,600 US goods have been put forward for consideration of more favourable tariff treatment.

Among the Chinese items listed are microwave ovens, fish hooks, artificial flowers and weighing scales.

On the US side, goods identified include poultry, dairy products, noodles, eggs, peanuts, canned tomatoes, pure-breed breeding horses and silk.

US Trade Representative Jamieson Greer said the deal was expected to improve market access covering roughly 30 percent of American exports to China, while also delivering benefits to US consumers. He said the administration intended to continue pushing for fair and balanced trade with China, including ensuring China meets its commitments on agricultural and energy purchases, and securing greater market access for American farmers, manufacturers, businesses and workers.

China's Ministry of Commerce confirmed the list on Monday, shortly after the announcement from the White House. The ministry indicated that both sides intended to hold further discussions on a reciprocal tariff reduction framework covering $30bn worth of goods from each country, with the aim of reaching an agreement.