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The Economic Times
The Economic Times
National

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

China and the United States have agreed to a $30 billion reciprocal tariff-reduction arrangement and to open a dialogue on artificial intelligence, as part of an eight-point consensus reached during Chinese President Xi Jinping's state visit to Washington, China's state news agency Xinhua reported.

The consensus was reached over a three-day visit, Xi's first state visit to the US in 11 years, and marks the second in-person meeting between Xi and US President Donald Trump this year, following their summit in Beijing in May.

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