US China trade deal: What’s in the US-China trade deal? The 3 key points

Tariffs

The US has agreed to cut its current tariff rate by half, on a $120 billion list of Chinese goods, to 7.5 percent.

However, on an estimated $250bn worth of Chinese goods, the US will maintain up to 25 percent tariffs.

China also recently levied new tariffs on $100bn worth of US products, and is expected to maintain the majority of these.