The tariff reductions cover US imports such as toys, sports equipment and Christmas decorations, while Chinese imports of US farm products are also included, according to CNBC.
US Trade Representative Jamieson Greer said Washington and Beijing have reached agreement on a number of issues, according to Anadolu Agency.
Top White House trade official Jamieson Greer said two days of talks between President Trump and Chinese leader Xi produced agreements on some trade matters, CNBC reports.
TASS's roundup of Friday's Russian press highlighted reports that Ukraine plans to spend an EU loan by the end of 2027 and that a US-China trade truce could be extended.
US Treasury Secretary Scott Bessent says the Busan Agreement's trade de-escalation measures between Washington and Beijing will remain in force through January 10.
Treasury Secretary Scott Bessent said Washington wants 'strategic stability' with Beijing, but stressed it must be based on reciprocity and fairness.
Disagreements over the length of an extension appear to be the main sticking point, according to the Financial Times as cited by TASS.
Talks between US and Chinese officials in New York precede this week's planned summit between Donald Trump and Xi Jinping, The Guardian reported.