US and China agreed to cut tariffs on a combined $60 billion of goods. 🇺🇸🇨🇳
This is what tariff leverage extracting real concessions looks like, and it's worth being precise about why. Trump maintained tariff pressure through the earlier stages of the trade dispute, and what came out of the Washington summit is China agreeing to open its market to American corn, wheat, sorghum, meat, dairy and medical devices, plus a standalone commitment to buy 10 million metric tons of US coal a year through 2028, categories that directly benefit American farmers and energy producers who bore the brunt of Beijing's earlier retaliatory tariffs.