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Beijing details eight-point consensus with U.S.: $30B tariff cut, AI dialogue and incident channel
China's Foreign Ministry says it reached an eight-point consensus with the U.S. during Xi's Washington visit: a $30 billion reciprocal tariff-reduction arrangement, a trade council, an AI dialogue with a November follow-up, and an AI incident communication channel. Xi has landed back in Beijing.
Why it matters
Beijing has now put specifics on the table from the Trump–Xi summit: a $30 billion reciprocal tariff-reduction arrangement, a bilateral AI dialogue with a November follow-up, and a communication channel for AI incidents. The package fleshes out the earlier two-month trade truce extension and gives negotiators a concrete framework to work with before the next leader-level meetings.
Full report
China said on Saturday it had agreed with the United States on a $30 billion reciprocal tariff-reduction arrangement and on launching a dialogue on artificial intelligence, under an eight-point consensus reached during President Xi Jinping's three-day state visit to Washington, Reuters reported. The announcement came from China's Ministry of Foreign Affairs.
The two sides also agreed to set up a trade council and to extend the outcomes of earlier talks held in Kuala Lumpur, according to the ministry. The arrangement follows a move by the world's two largest economies earlier this week to extend a trade truce — previously due to expire on November 10 — by two months, allowing more time to work toward a potentially bigger trade deal, U.S. Treasury Secretary Scott Bessent said on Wednesday.
On artificial intelligence, the two sides agreed to hold a dialogue on the technology's risks and benefits, with the next round of discussions set for November, and to establish a communication channel for AI-related incidents, the ministry said. The White House said on Friday that the two nations had agreed to establish a bilateral communication channel for AI incidents.
Beyond the economy, the two sides agreed to support each other in hosting the Asia-Pacific Economic Cooperation leaders' meeting and the Group of 20 summit, with both leaders planning to attend the gatherings hosted by the other — a plan Trump had earlier flagged in a social media post. On foreign policy, the leaders agreed that Iran should fulfil its commitment not to develop nuclear weapons, and that no country or entity should impose transit tolls on international waterways, the ministry said.
The three-day summit, which ended on Friday, showcased personal diplomacy rather than big public breakthroughs. Xi has since landed in Beijing, Chinese state news agency Xinhua reported on Saturday. U.S. Trade Representative Jamieson Greer said on Friday that details of the talks would be released on Monday. The U.S. Embassy in Beijing did not immediately respond to a Reuters request for comment.
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