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Mmastodon BusinessEconomy first seen 11 h ago, last 11 h ago, peak #5

China and US agree to AI dialogue and $42 billion in tariff cuts

Original: China, US agree to AI dialogue, $42b in tariff cuts during state visit The tariff reductions are set to apply to US expo

China and the United States have agreed to establish a dialogue on artificial intelligence and to cut tariffs worth $42 billion during a state visit. The tariff reductions are set to apply to US exports including agricultural goods, wood and cosmetics. The agreement marks a step toward easing trade tensions between the two countries while opening a channel for cooperation on AI policy.

Why now: A major trade and AI cooperation deal between the world's two largest economies has direct implications for global markets and technology policy.

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