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US and China Release $60 Billion Tariff-Cut Product Lists
સમાચારમાં કેમ?
$60 billion of tariff cuts, yet sensitive tech is excluded: the US-China trade reset GS-II tests
The US and China released $60 billion in nonsensitive product lists for tariff cuts after Xi Jinping's first US state visit since 2015.
Why it matters: factual, Prelims-type
What you need to know
2 મિનિટ
The United States and China released nonsensitive product lists worth $60 billion for reciprocal tariff cuts, days after Chinese President Xi Jinping's first state visit to the US since 2015, where he met President Donald Trump.
The move is part of a broader recalibration of US-China trade ties following the Trump-Xi meeting.
The lists exclude sensitive technology and strategic goods, focusing instead on non-strategic products to ease trade tensions.
સ્રોત: Topper IAS editorial (PIB / The Hindu / Indian Express)
મુખ્ય તથ્યો
Remember these
- The US and China released nonsensitive product lists worth $60 billion for reciprocal tariff cuts
- The lists follow Xi Jinping's first state visit to the US since 2015
- Xi met US President Donald Trump during the visit
- Sensitive technology and strategic goods are excluded from the lists
- The step is aimed at easing trade tensions between the two largest economies
પ્રિલિમ્સ · મેઇન્સ
How the exam will ask it
પ્રિલિમ્સ
- A tariff is a tax imposed by a government on imported goods, raising their price relative to domestic products.
- Reciprocal tariff cuts mean both countries lower duties on listed goods in return for concessions from the other side.
- The product lists released by the US and China exclude sensitive technology and strategic goods.
મેઇન્સ
GS-II International Relations and GS-III Economy: US-China trade rivalry shapes global supply chains and multilateral trade rules. A limited tariff-cut deal on non-strategic goods eases tensions while technology and strategic sectors stay contested. For India, the way forward is to diversify trade partners, take advantage of supply-chain realignment and safeguard its own strategic interests.
Quick recall
Answer before you reveal
The United States and China recently released nonsensitive product lists worth how much for reciprocal tariff cuts, days after President Xi Jinping's first state visit to the US since 2015?
- $20 billion
- $35 billion
- $45 billion
- $60 billion
જવાબ જુઓ
જવાબ: D — Correct: $60 billion — the US and China released nonsensitive product lists worth this amount for reciprocal tariff cuts, days after Xi Jinping's first state visit to the US since 2015. • $20 billion, $35 billion, $45 billion — wrong: all understate the reported figure of $60 billion.
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