China and US reach $30 billion tariff reduction deal during Xi's visit
Beijing announced that China and the US have agreed to a $30 billion tariff reduction and established a dialogue on artificial intelligence following Xi Jinping's visit.
The Business Standard26 September 2026, 4:55 PM2 readsAMP
During President Xi Jinping's three-day visit to Washington, China and the United States reached an eight-point consensus. According to Beijing, the two nations have agreed to reduce tariffs by $30 billion. The agreement also includes the establishment of a trade council and the initiation of a dialogue regarding artificial intelligence. Furthermore, both sides have committed to extending the outcomes of previous discussions.
