U.S. and China reportedly agree to tariff relief on $30 billion in less sensitive goods each way, plus AI talks

The Wall Street Journal reports that the U.S. and China said they agreed to lower tariffs on $30 billion of less sensitive trade in each direction following the Trump-Xi summit.

Reuters, citing Chinese state news agency Xinhua, reports that tariff relief and an agreement to launch AI dialogue are part of an eight-point consensus. Al Jazeera, citing the White House, reports that the countries also agreed to establish a communication channel for AI incidents.

Bloomberg, citing the White House, reports that China agreed to import at least 10 million metric tons of U.S. coal in 2027 and again in 2028.