The United States and China have agreed to pursue tariff reductions on $30 billion in goods traded in each direction and establish a dialogue on artificial intelligence, according to statements issued after Chinese President Xi Jinping’s three-day visit to Washington.
The White House said the proposed tariff treatment would cover U.S. agricultural goods, wood and cosmetics exported to China, and small appliances, toys and decorations imported into the United States. The governments also agreed to create a trade council, according to China’s Foreign Ministry.
The announcements followed an extension of an existing trade truce by two months beyond its scheduled November 10 expiration. U.S. Treasury Secretary Scott Bessent said the extension would give negotiators more time to pursue a broader agreement. The summit between Xi and President Donald Trump ended without a major public breakthrough but produced commitments to continue discussions.
On artificial intelligence, the governments agreed to discuss the technology’s benefits and risks, hold another round of talks in November and establish a channel for communicating about AI-related incidents. The White House said the leaders agreed to use the term “super intelligence” instead of “artificial intelligence.” China’s Foreign Ministry said Beijing valued the change in terminology and called for further exchanges as the technology develops.
The two countries also said they would support each other’s hosting of Asia-Pacific Economic Cooperation and Group of 20 leaders’ meetings. Both presidents plan to attend the gatherings hosted by the other country.
On foreign policy, Washington and Beijing said they agreed that Iran should honor its commitment not to develop nuclear weapons. They also opposed transit tolls imposed by any country or entity on international waterways.
The statements outlined areas of cooperation while leaving the scope and implementation of a wider trade deal for future negotiations, with final terms yet to be announced.