China, US agree on $30 billion tariff reduction and AI dialogue

China said on ?Saturday it had agreed with the US on a $30 billion reciprocal tariff-reduction arrangement ?and on launching a dialogue on AI, under an ?eight-point consensus reached during President Xi Jinping’s visit to ?Washington. The two sides have also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur, the Chinese ?Foreign Ministry said. The agreement follows an earlier move by the world’s two largest economies to extend by two ?months a trade truce that had been due to expire ?on ?November 10, allowing more time to work on a ?potentially…