US-China agree $30B tariff reduction on select goods
Washington and Beijing announced a mutual tariff reduction covering $30 billion in goods, marking a de-escalation in their trade conflict. Details on product coverage and implementation timeline remain unspecified. The move signals a potential thaw in bilateral economic relations, with implications for global trade flows and supply chains.
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US-China Establish AI & Military Communication Channels, Extend Trade Truce
The US and China have formally established dedicated communication channels for military incidents and AI risks, including 'super-intelligence' dialogue, following a state visit and summit. This marks a significant de-escalation in strategic competition, though details on scope and enforcement remain largely unclear. Concurrently, a trade truce has been extended, and mutual tariff reductions on select goods have been agreed upon.