Trump-Xi Talks: US, China Agree On Tariff Relief For $60 Billion Trade, Launch AI Dialogue
Washington, Sep 27: US President Donald Trump and Chinese President Xi Jinping have moved to ease tariffs covering $60 billion in two-way trade and opened a new dialogue on advanced artificial intelligence, producing the first concrete economic and technology outcomes from Xi’s state visit. Tariff measures announced A White House fact sheet said the US-China Board of Trade had reached consensus…
US President Donald Trump and Chinese President Xi Jinping have reached an agreement to reduce tariffs on $60 billion in two-way trade and initiated a new dialogue on advanced artificial intelligence. The US-China Board of Trade reached consensus on recommendations for a "more favorable tariff treatment" covering $30 billion of non-sensitive goods in each direction.
China's official account described an "arrangement for a 30-billion-US-dollar reciprocal tariff reduction" and directed officials to implement it. Neither side disclosed the proposed tariff rates, size of reductions, or when the changes would take effect. The agreement covers American goods such as agricultural products, fish, wood products, cosmetics, and medical devices, while Chinese products include small appliances, toys, holiday decorations, and children's car seats.
Additionally, China committed to importing at least 10 million metric tonnes of US coal in 2027 and another 10 million tonnes in 2028. A working group was established to address barriers facing agricultural trade, while a separate US-China Board of Investment was chartered to discuss potential projects and obstacles. The dialogue on super intelligence was also launched, with the goal of exchanging views on the benefits and risks of the technology.
Brief written by urgent.news from Free Press Journal's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
