China, US agree to $30 billion tariff cut, AI dialogue during Xi visit, Beijing says
The deal covers $30 billion in goods and creates a new channel for AI incidents and military crisis talks, officials said.
- On Friday, President Donald Trump and Chinese President Xi Jinping reached an eight-point consensus in Washington, including a $30 billion reciprocal tariff-reduction arrangement for non-sensitive goods and a new bilateral dialogue on artificial intelligence.
- This agreement builds on discussions that began at the Trump-Xi summit in Busan, South Korea, last year, where both sides described their trade talks as having reached a "basic consensus" before continuing negotiations in Beijing this May.
- The White House reported China agreed to import at least 10 million tonnes of US coal in 2027 and 2028, while both nations launched working groups targeting agricultural market access and global petroleum supply stabilization.
- Beyond trade, the eight-point consensus includes mutual support for upcoming APEC and G20 summits, reaffirmed commitments on Iran's nuclear programme, and joint anti-narcotics enforcement that has already led to dozens of arrests.
- During the state visit, the leaders agreed to build "a constructive relationship of strategic stability," a diplomatic tone underscored by US first lady Melania Trump and Chinese President Xi Jinping's wife Peng Liyuan visiting the National Archives Museum together.
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Here you can find information on the topic "State visit". Read now "China and the USA establish AI communication channel".
After the Chinese head of state's visit to the USA, the two countries are planning a new communication channel, which will focus on the benefits and risks of AI.
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China, U.S. agree to US$30B tariff cut, AI dialog during Xi visit, Beijing says
China said on Saturday it had agreed with the U.S. on a US$30 billion reciprocal tariff-reduction arrangement and on launching a dialog on AI, under an eight-point consensus reached during President Xi Jinping’s visit to Washington.
China and the US have agreed to reduce mutual tariffs on goods worth $30 billion
Following Chinese President Xi Jinping’s visit to New York, Xi Jinping and US President Donald Trump noted the positive role of the China-US consultation mechanism on trade and economic issues and the results of the negotiations between the two...
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