U.S. President Donald Trump (right) greets Chinese President Xi Jinping (left) during an arrival ceremony at Joint Base Andrews, Maryland, on September 23, 2026.
Chip Somodevilla | Getty Images News | Getty Images
China announced on Saturday that it had agreed with the United States on a $30 billion reciprocal tariff reduction agreement and the start of a dialogue on AI, building on an eight-point agreement reached during President Xi Jinping’s visit to Washington.
According to China’s Ministry of Foreign Affairs, the two countries also agreed to establish a trade council and extend the results of previous talks in Kuala Lumpur.
The agreement follows an earlier move by the world’s two largest economies to extend a trade ceasefire that was set to expire on November 10 by two months, giving them more time to work on a potentially larger trade deal, US Treasury Secretary Scott Bessent said on Wednesday.
The three-day summit between President Xi and President Donald Trump, which concluded on Friday, showed personal diplomacy rather than major public progress. Chinese state news agency Xinhua reported that Xi arrived in Beijing on Saturday.
Regarding artificial intelligence, the two countries agreed to schedule the next round of talks in November, hold a dialogue on the risks and benefits of the technology, and establish communication channels on AI-related incidents, according to China’s Ministry of Foreign Affairs.
Beyond the economy, the two leaders agreed to support each other in hosting the Asia-Pacific Economic Cooperation and G20 summits, as President Trump previously said in a social media post, and both leaders said they planned to attend meetings hosted by the other.
On foreign policy, the leaders agreed that Iran should honor its promise not to develop nuclear weapons and that no country or entity should impose tolls on international waterways, the ministry said.
The U.S. Embassy in Beijing did not immediately respond to a Reuters request for comment.
