China said on ?Saturday it
had agreed with the US on a $30 billion reciprocal
tariff-reduction arrangement ?and on launching a dialogue on AI,
under an ?eight-point consensus reached during President Xi
Jinping's visit to ?Washington.
The two sides have also agreed to set up a trade council and
extend the outcomes of earlier talks in Kuala Lumpur, the
Chinese ?Foreign Ministry said.
The agreement follows an earlier move by the world's two
largest economies to extend by two ?months a trade truce that had
been due to expire ?on ?November 10, allowing more time to work on
a ?potentially bigger trade deal, US Treasury Secretary Scott
Bessent said on Wednesday.
The three-day summit between Xi and President Donald Trump,
which ended on Friday, showcased personal ?diplomacy rather than
big public breakthroughs. ?Xi has since landed in Beijing,
Chinese state news agency Xinhua reported on Saturday.
"This historic visit enriched the constructive and stable
China-US relationship, upheld the overall stability of bilateral
ties, opened ?a new chapter in China-US relations, and will have
a ?far-reaching impact on world peace and development," Chinese
Foreign Minister Wang Yi said in a statement.
DIALOGUE ON ?AI
On artificial intelligence, the two sides agreed to hold a
dialogue on the technology's risks and benefits, with the next
round of ?discussions set for November, and to set up a
communication channel for AI-related incidents, the Chinese
Foreign Ministry said.
The ministry also said in a separate statement that Beijing
valued Washington's use of the term "super intelligence" in
place of "artificial intelligence". As AI technology continues
to advance, the two sides should step up exchanges and work
toward ?consensus in line with new developments, it said.
The two sides also agreed ?to support each other in hosting
the Asia-Pacific Economic Cooperation leaders' meeting and the
Group of 20 summit, ?with both leaders planning to attend the
gatherings hosted by the other.
On ?foreign policy, the leaders agreed that Iran should
fulfil its commitment not to develop nuclear weapons, and that
no ?country or entity should impose transit tolls on
international waterways, the ministry said.
The U.S. Embassy in Beijing did not immediately ?respond to a
Reuters request for comment.
Published on September 26, 2026
