US and China Agree Tariff Cuts on $30 Billion of Goods, Launch AI Dialogue
Washington and Beijing will cut tariffs on $30 billion of non-sensitive goods each way and open an AI dialogue after Xi Jinping's US visit.
The United States and China have agreed to reduce tariffs on $30 billion of goods in each direction and to open a dialogue on artificial intelligence, the two governments said after President Xi Jinping's three-day visit to Washington.
According to a White House statement issued on Friday, the tariff relief will cover American exports including agricultural products, wood and cosmetics, alongside US imports such as small appliances, toys and decorations. The two sides reached consensus on recommendations for more favourable tariff treatment for $30 billion of non-sensitive goods in each direction, the statement said.
The summit between Xi and President Donald Trump, which ended on Friday, was marked by personal diplomacy rather than large public breakthroughs. Xi has since returned to Beijing, Chinese state media reported on Saturday.
Beyond tariffs, the two countries agreed to establish a trade council and to extend the outcomes of earlier talks held in Kuala Lumpur, China's Foreign Ministry said. The deal follows a decision by the world's two largest economies to extend a trade truce by two months beyond its original November 10 expiry, giving negotiators more time to pursue a broader trade agreement, US Treasury Secretary Scott Bessent said on Wednesday.
Chinese Foreign Minister Wang Yi described the visit as one that enriched the constructive and stable China-US relationship, upheld the overall stability of bilateral ties and opened a new chapter in relations.
On artificial intelligence, both sides agreed to hold a dialogue on the technology's risks and benefits, with the next round of discussions scheduled for November. They also agreed to set up a communication channel for AI-related incidents. The White House said the leaders had agreed to use the term "super intelligence" instead of "artificial intelligence," a change the Chinese ministry said Beijing valued. As AI technology advances, the two sides should step up exchanges and work toward consensus in line with new developments, the ministry said.
The two countries also agreed to support each other in hosting the Asia-Pacific Economic Cooperation leaders' meeting and the Group of 20 summit, with both leaders planning to attend the gatherings hosted by the other.
On foreign policy, the leaders agreed that Iran should fulfil its commitment not to develop nuclear weapons, and that no country or entity should impose transit tolls on international waterways, both governments said.