US and China Agree $30 Billion Tariff Cut and AI Dialogue After Xi Visit

Beijing said on September 26 that China and the US reached an eight-point consensus during Xi's visit, including a $30 billion reciprocal tariff-reduction arrangement, the launch of a bilateral dialogue on artificial intelligence, a new trade council, and an extension of outcomes from earlier Kuala Lumpur talks. Reporting available at time of update does not indicate any loosening of US chip export controls.