United States and China announce $30 billion reciprocal tariff reduction and launch AI dialogue during Xi Jinping's state visit

Key facts

• Chinese President Xi Jinping paid a three-day state visit to the United States, with US President Donald Trump holding a welcome ceremony for him at the White House on September 24, 2026.
• The United States and China agreed to implement a reciprocal tariff reduction arrangement worth 30 billion US dollars.
• The two leaders agreed to launch a China-US AI dialogue to exchange views on the risks and benefits of artificial intelligence, with the next round scheduled for November 2026.
• The US and China agreed that Iran must not be allowed to acquire a nuclear weapon and that no country or institution should be permitted to impose tolls on international waterways.
• China's Foreign Ministry said both countries were working to address US concerns over rare earths and other critical mineral supply shortages, aiming to restore shipments to appropriate levels.