Foreign Affairs: China and the United States have agreed on a $30 billion tariff reduction deal and launched a dialogue on artificial intelligence (AI) under eight points of consensus reached during Chinese President Xi Jinping’s visit to the United States, the Chinese Foreign Ministry said.
According to Reuters on September 26, 2026, the ministry said the two sides recognized the efforts of their respective economic working groups and supported measures including the establishment of a trade council, a tariff reduction agreement and the expansion of the results of previous talks in Kuala Lumpur.
Foreign Affairs Secretary Scott Bessent said on Wednesday that the United States and China had previously agreed to extend the two-year The trade truce, which was set to expire on November 10, is set to expire next month to give more time for negotiations on a potentially larger trade deal.
The leaders of the world’s two largest economies have wrapped up a three-day summit that focused on personal diplomacy rather than achieving major public results.
Xi has returned to Beijing, China’s state news agency Xinhua reported on Saturday.
Translation: Nai Tola
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