China, US agree to AI dialogue, tariff cuts on $30b in goods during Xi visit
The tariff reductions would apply to US exports such as agricultural goods, wood and cosmetics, as well as US imports including small appliances, toys and decorations.
President Xi Jinping's visit to the United States concluded with agreements on reducing tariffs and initiating a dialogue on artificial intelligence. The two nations committed to cutting tariffs on $30 billion worth of goods, including US exports like agricultural products, wood, and cosmetics, and US imports such as small appliances, toys, and decorations.
The tariff reductions would apply to both directions, according to a White House statement. Additionally, both countries agreed to establish a trade council and extend their previous talks from Kuala Lumpur. This development comes after the world's two largest economies extended a trade truce by two months, allowing more time to work on a potential larger trade agreement.
Chinese Foreign Minister Wang Yi emphasized that the visit strengthened the stable China-US relationship and opened a new chapter in bilateral ties. Regarding artificial intelligence, the two sides agreed to hold a dialogue on its risks and benefits, set up a communication channel for AI-related incidents, and use the term "super intelligence" instead of "artificial intelligence."
Both countries also agreed to support each other in hosting the Asia-Pacific Economic Cooperation and G20 summits. On foreign policy, the leaders agreed that Iran should not develop nuclear weapons, and no entity should impose transit tolls on international waterways.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
