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

The U.S. and China agreed to cut tariffs on $30 billion worth of goods each imports from the other and launch new AI talks, part of an eight-point consensus from President Trump's summit with President Xi Jinping during Xi's three-day state visit to Washington, D.C. The deal aims to ease trade tensions and open a channel for AI incident communication.