US and China Establish First Formal AI Dialogue Amid $30 Billion Tariff Reduction

The United States and China have agreed to cut tariffs on $30 billion worth of goods and launch the first structured bilateral dialogue on artificial intelligence policy, marking a rare moment of cooperation between the world's two largest economies. The announcement came during President Xi Jinping's three-day summit in Washington on September 25-26, 2026, as part of an eight-point consensus aimed at building stability in the increasingly fractious relationship between the superpowers.