US-China Tariff Cuts on $60B Goods Advance, Excluding Strategic Sectors

The US and China are advancing with reciprocal tariff reductions covering $60 billion in goods under a '30 for 30' scheme, including 1,619 US products and 77 Chinese categories. Sensitive sectors such as semiconductors, EVs, and batteries are excluded, indicating a partial de-escalation in trade tensions while strategic competition persists. The move signals a potential thaw in bilateral trade relations, but the exclusions suggest continued friction in high-tech areas.