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US and China Agree to Tariff Cuts and AI Talks After Trump-Xi Summit

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US President Donald Trump and Chinese President Xi Jinping held a high-level meeting that produced several significant trade and technology agreements. The two nations agreed to reduce tariffs by $30 billion as part of efforts to ease ongoing trade tensions. Both sides also committed to establishing a bilateral trade council to manage and oversee future economic cooperation. Additionally, the two countries agreed to open a dialogue on artificial intelligence, signaling broader engagement beyond trade. China's Foreign Ministry confirmed the outcomes, noting that agreements from earlier talks held in Kuala Lumpur would also be extended.

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