00:00Washington and Beijing have agreed to roll back tariffs on about $60 billion in traded goods.
00:06According to reporting from the New York Times, the two governments pledged the cuts
00:10as part of a broader effort to ease tensions between the world's two largest economies.
00:16Coverage has focused on toys in particular.
00:20The New York Post reports that lower toy tariffs could offer relief to an industry
00:24that has struggled through rising costs.
00:27Arriving just before the holiday shopping season.
00:30What happens next depends on how quickly each side moves to put the reductions in place.
00:36The full story is in the description below.
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