The United States and China agreed to reduce tariffs worth a total of 81 trillion won according to the summit agreement. The United States will target toys, home appliances, and other Chinese products for tariff reductions, while China will include U.S. agricultural products and coal in its list of tariff reductions. However, soybeans, which President Trump considers important, were left out of the list. This raises the possibility that soybeans will be used as a political bargaining chip in future negotiations. The two countries plan to discuss further tariff reductions and the extension of the trade truce through high-level consultations to promote economic and trade relations.
