US, China agree to cut tariffs on $30 billion worth of goods, set up channel for AI incidents

Following a summit between U.S. President Donald Trump and Chinese President Xi Jinping, the two nations have reached an agreement to reduce tariffs on $30 billion worth of imported goods from each country. Additionally, the leaders established a formal communication channel to address artificial intelligence safety incidents.

Beyond the economic and technological agreements, the discussions also included a commitment to increase coordination regarding military matters. These measures represent a coordinated effort by the two superpowers to manage bilateral trade relations and address emerging risks associated with artificial intelligence development.