China and the United States have agreed to cut tariffs on $60 billion worth of goods, Reuters reported on Monday. The deal followed the second summit this year between the two leaders.

Each side will give better tariff treatment to about $30 billion of non-sensitive goods. US farm exports like corn and wheat are included, along with Chinese small appliances and toys.

US Trade Representative Jamieson Greer said the move unlocks better market access for American farmers. China’s commerce ministry called the truce extension a chance to advance talks.

The two sides also extended their trade truce by two months, through January 10. The shorter extension reflects caution on both sides.

Analysts called the deal modest but positive. They say the real test will be whether deeper tariff rollbacks follow in the coming months. Trade experts said the lists of goods were chosen to avoid sensitive sectors. Both sides are expected to meet again before the truce deadline.