Trump, Xi End Summit Promising to Hold Talks on AI
China and the U.S. have reached an agreement to lower tariffs on roughly $30 billion worth of products while establishing a new channel for discussions on AI, according to statements from both governments. The understanding was announced after Chinese President Xi Jinping concluded a three-day visit to Washington for talks with U.S. President Donald Trump. Under the arrangement, lower tariff rates would apply to selected non-sensitive products moving in both directions. U.S. exports covered by the discussions include cosmetics, agricultural products, and timber, while Chinese shipments to the American market include items such as small household appliances, decorative goods, and…