US and China agree on $30B tariff cut
China and the United States have reached an agreement on a mutual reduction of tariffs on goods worth $30 billion from each side, aimed at promoting trade exchange and improving their relations. This comes within the framework of an eight-point consensus reached during Chinese President Xi Jinping's visit to the United States. The agreement includes granting more preferential tariff treatment to these goods, as well as establishing a trade council. Additionally, the two sides agreed to extend the trade truce for two months and activate a dialogue on artificial intelligence to discuss its benefits and risks, along with establishing a communication channel for incidents related to this technology. The leaders expressed their intention to participate in upcoming meetings, including the G20 summit and the Asia-Pacific Economic Cooperation (APEC) forum.
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