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China, US agree to $30 billion tariff cut, AI dialogue during Xi visit, Beijing says
Chinese state announcements say Beijing and Washington agreed to a $30 billion tariff reduction and to open a dialogue on artificial intelligence during Xi Jinping's visit. The news, reported by Reuters, suggests a tentative easing of tensions between the two economic rivals on trade and technology. Details are sparse so far, and readers should note the figures come from the Chinese side; US confirmation and the fine print of the deal are not yet clear.
Why now: A reported trade concession and new AI talks between the US and China signal a major de-escalation, driving heavy global interest.
ChinaUnited StatesXi JinpingReuters
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