US and China Agree on $30 Billion Tariff Cut and Launch New Talks on AI
Following a three-day summit between President Donald Trump and Chinese President Xi Jinping, both nations agreed to slash $30 billion in reciprocal tariffs and open high-level communication channels on artificial intelligence.
The United States and China have reached a major trade breakthrough. Following a three-day summit in the U.S. between Chinese President Xi Jinping and President Donald Trump, both countries agreed to a mutual $30 billion tariff reduction plan alongside a broader eight-point cooperation agreement.
Xi's official visit ran from September 23 to September 25, focusing on trade, emerging technologies, and global stability. According to China's Foreign Ministry, the summit successfully extended earlier trade deals and created formal groups, including a new bilateral trade council, to maintain steady communication.
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