technologyWashington, United States
Trump-Xi summit yields AI channel, tariff cuts and further talks
Trump and Xi held a three-day summit in Washington during Xi’s state visit. They agreed on an AI-incident channel, further talks, tariff cuts covering about $30 billion of goods each way, a trade council and military crisis talks, and extended a trade truce. Lists name 77 Chinese goods and 1,619 US products; more than 90% get standard tariff rates, but no timeline is set.
30BUSD
The United States and China agreed to apply more favourable tariffs to 30000000000 USD of non-sensitive goods in each direction.