The U.S. and China have reached a preliminary deal to reduce tariffs on billions of dollars in bilateral trade, easing tensions after high-level discussions in Washington. The agreement also includes plans to initiate negotiations on artificial intelligence cooperation, signaling a potential shift in their strained economic relationship. The terms were outlined as part of a broader eight-point consensus following a state visit by China’s leader to the U.S. capital. Whether this marks a lasting thaw or a temporary pause in trade disputes remains to be seen.
The U.S. and China agreed to lower tariffs on $30 billion worth of goods each country imports from the other and launch new talks on artificial intelligence (AI) following President Trump’s summit with Chinese President Xi Jinping. The agreements were part of an eight-point consensus reached during Xi’s three-day state visit to Washington, D.C., which...
