The U.S. and Chinese governments unveiled tariff cuts covering $60 billion in goods under a 30-30 framework, with each country affected across $30 billion of trade. The White House list covers 77 categories of Chinese goods imported by the U.S., including Christmas decorations, fireworks and children’s toys, while China’s list covers 1,619 categories of U.S. products, mainly agricultural goods. The U.S. focus on consumer imports comes as inflation and higher gasoline prices weigh on sentiment; the Conference Board said its consumer confidence index fell 6.7 points to 81.9 in September, the lowest level since 2014. China’s measures include U.S. agricultural products, particularly soybeans, which the American Soybean Association said remain central to negotiations. ASA President and Ohio soybean farmer Scott Metzger said China intends to purchase at least 25 million metric tons of U.S. soybeans annually in 2026, 2027 and 2028. Microchips, electronics and semiconductors were excluded, prompting Senate Democrats to urge President Trump to close export-control loopholes they said allow China to obtain advanced technology for dangerous AI systems.