China, US agree to $30 billion tariff cut, AI dialogue during Xi visit - reuters.com

China and the US have reached an eight-point consensus during President Xi Jinping's visit to the US. According to China's Ministry of Foreign Affairs, both nations agreed to a $30 billion reciprocal tariff-reduction arrangement. Additionally, the two countries will launch a formal dialogue regarding AI. This agreement marks a significant diplomatic step between the two global powers, focusing on trade adjustments and the collaborative management of artificial intelligence technologies as part of their broader bilateral discussions.