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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310 Articles
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When Donald Trump and Xi Jinping met in Washington last week, artificial intelligence was among the issues dividing their countries. Days earlier, Treasury Secretary Scott Bessent said the two sides had agreed to establish a formal AI dialogue, including an incident line, though its protocols had yet to be worked out. The summit produced no […]
Trump, Xi agree to bilateral exchanges on AI
President Trump and Chinese President Xi Jinping last week established a channel for the two nations to exchange views on artificial intelligence developments and agreed to stand up a bilateral hotline for incidents involving AI, according to the White House. "The two countries established the U.S.-China Super Intelligence (SI) Dialogue to exchange views on risks and benefits related to SI," according to a White House fact sheet post Friday on t…
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