Today's top stories, with context, in just 15 minutes.   

On today's podcast:   

1) The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, as the superpower rivals take steps to steady ties following a summit between leaders Donald Trump and Xi Jinping. The list for goods entering the US contains 77 entries, including fireworks, household products, sporting equipment and toys, according to documents published by both governments.   

2) Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal. The conditions Iran wants are something Washington might have agreed to about a year ago, Trump told Axios in an interview on Sunday, saying that Tehran has overplayed its hand. The US president added that he expects negotiations to resume this week even though he rejected Iran’s latest proposal, Axios reported.   

3) UK police were investigating a potential terrorism incident after five men were arrested near an air base used in US strikes on Iran, with President Donald Trump saying the suspects were “looking to do big damage” to the facility. Trump credited British authorities with foiling the incident early Sunday at RAF Fairford, a key launching point for US strikes against Iran. Police were working to establish a motive for what they considered to be a serious attempted attack disrupted at a late stage, according to people familiar with the matter, who asked not to be named discussing an ongoing investigation.