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Saturday, September 26, 2026

China, US agree to $30 billion tariff cut, AI dialogue following Xi-Trump summit in Washington

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China's president Xi Jinping met US President Donald Trump following the United Nations General Assembly in New York and agreed to tariff cuts and open dialogue on AI.

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US President Donald Trump speaks with Chinese President Xi Jinping while leaving after a visit to the Zhongnanhai Garden in Beijing, China, May 15, 2026.
(photo credit: REUTERS/Evan Vucci/Pool/File Photo)
ByREUTERS

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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