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October 5, 2026 at 11:56 AM
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China & WorldUS and China Agree on Trade Tariff Cuts and New AI Dialogue
US and China agreed to 30 billion dollar tariff cuts and establish AI dialogue.
The United States and China reached a major trade agreement featuring reciprocal tariff cuts on approximately 30 billion dollars of goods in both directions. US exports include agricultural products, seafood, cosmetics, and medical supplies. Chinese exports include appliances, toys, and decorations. The two nations also established a bilateral AI dialogue mechanism to address artificial intelligence risks and benefits, with the next round scheduled for November. This agreement represents a significant step toward easing trade tensions and establishing frameworks for technology cooperation.
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