US China Tariff Cut Deal Also Brings New AI Dialogue With Beijing
The US China tariff cut agreement announced this week will reduce duties on $30 billion worth of goods traded between the two countries, alongside a new dialogue on artificial intelligence, according to statements from both governments following a three-day state visit by Chinese President Xi Jinping to Washington.
The tariff arrangement was one of eight measures included in a broader understanding reached between President Donald Trump and Xi during talks that concluded on Friday. China's Foreign Ministry described the outcome as an "eight-point consensus," while the White House said the two sides had agreed on more favorable tariff treatment for $30 billion of "non-sensitive goods" moving in each direction.
According to the White House, the US side of the reduction would apply to A...