US and China agree to reduce tariffs on $30 billion worth of goods and launch AI dialogue

The United States and China have agreed to mutually reduce tariffs on $30 billion of goods and initiate a dialogue on artificial intelligence. These decisions were part of eight points agreed upon during Chinese President Xi Jinping's visit to Washington. Both sides also agreed to develop a joint trade council and extend existing agreements. Specifics on tariff reductions and implementation timelines were not detailed.

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