The Kobeissi Letter(@KobeissiLetter):BREAKING: The US and China have reached a trade deal to lower tariffs on $30 billion worth of "non-sensitive goods" after President Trump and President Xi met this week. This deal will likely lower prices on a variety of consumer goods, including small appliances, toys, holiday decorations, and kids' car seats. In return, China will cut tariffs on agricultural goods and seafood, wood products, cosmetics, and medical devices. China has also agreed to import 10 million metric tons of US coal in 2027 and 2028. Rare earths are still being discussed, the White House said.

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BREAKING: The US and China have reached a trade deal to lower tariffs on $30 billion worth of "non-sensitive goods" after President Trump and President Xi met this week. This deal will likely lower prices on a variety of consumer goods, including small appliances, toys, holiday decorations, and kids' car seats. In return, China will cut tariffs on agricultural goods and seafood, wood products, cosmetics, and medical devices. China has also agreed to import 10 million metric tons of US coal in 2027 and 2028. Rare earths are still being discussed, the White House said.

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