China, US agree to AI dialogue, tariff cuts on $30 billion in goods during Xi visit

AI Summary

During Chinese President Xi Jinping's visit to Singapore, China and the US agreed to start dialogue on artificial intelligence and implemented tariff cuts on $30 billion worth of goods in both directions. This marks a significant breakthrough in US-China trade relations.

Tariff cuts on $30 billion of goods in each direction mark the clearest US-China breakthrough, as both sides also launch AI talks and an incident channel.