The US and China agreed to pursue lower tariffs on $30 billion of "non-sensitive" goods traded in each direction and opened a new bilateral channel on emerging technology risk following a three-day state visit by Chinese President Xi Jinping to Washington, the White House said in a fact sheet released Friday.
Under the new US-China Board of Trade and the US-China Board of Investment, US exports covered by the tariff relief include agricultural goods, fish and seafood, logs and wood products, cosmetics and medical devices, while Chinese goods covered include consumer products such as small appliances, toys, holiday decorations, and children's car seats.
China committed to importing at least 10 million metric tons of US coal in 2027 and 2028, according to the fact sheet.
Additionally, the two countries agreed to establish a US-China Super Intelligence Dialogue, adopting "super intelligence" in place of "artificial intelligence" to describe the applicable emerging technologies. The next exchange is set for November, and a separate communication channel for AI-related incidents has also been established.
Both sides agreed to work toward "a constructive China-US relationship of strategic stability on the basis of respect, fairness, and reciprocity," according to a separate readout of the summit from China's Ministry of Foreign Affairs.
The White House said the US noted China's new export controls on two fentanyl precursor chemicals and said China arrested 21 individuals in August in connection with the manufacture and distribution of precursor chemicals to illicit drug producers in North America.
US President Donald Trump and China's Xi agreed to attend each other's G20 and APEC summits as hosts.
While the readouts did not address Taiwan, the White House said Xi and Trump discussed Russia, North Korea, and Iran.
"They agreed that Iran can never have a nuclear weapon and that no country or institution can be allowed to impose tolls on international waterways," the White House said.
