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

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US President Donald Trump and First Lady Melania Trump host China's President Xi Jinping and his wife Peng Liyuan for tea in the Red Room of the White House in Washington, DC, on September 25, 2026. Photo: AFP
US President Donald Trump and First Lady Melania Trump host China's President Xi Jinping and his wife Peng Liyuan for tea in the Red Room of the White House in Washington, DC, on September 25, 2026. Photo: AFP
By Reuters

SHANGHAI: China and the US have agreed to a $30 billion reciprocal tariff-reduction arrangement and to launch dialogue on AI, under an eight-point consensus reached during Chinese President Xi Jinping’s visit to the US, Chinese state news agency Xinhua reported.

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