China and the U.S. agree to cut tariffs imposed on $60 billion worth of goods imported from each other, on products ranging from U.S. corn to cosmetics, and from Chinese household appliances to toys. ↧ China and U.S. agree to tariff cuts on $60 billion of goods includi... China said it planned to trim duties on a variety of U.S. agricultural goods, while the U.S. plans tariff cuts on toys, small appliances and other items.