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China, US agree to $30 billion tariff cut, AI dialogue during Xi visit

Source: reuters.com

Tax & TariffsTrade Policy & Supply ChainArtificial IntelligenceGeopolitics & War
China, US agree to $30 billion tariff cut, AI dialogue during Xi visit

China and the US agreed to a $30 billion reciprocal tariff-reduction arrangement as part of an eight-point consensus reached during President Xi Jinping's US visit, according to Xinhua. The countries also agreed to begin dialogue on artificial intelligence, signaling a potential easing in bilateral trade tensions and greater engagement on strategic technology policy.

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