China, U.S. agree to $30 billion tariff cut, launch AI dialogue

Investing.com -- China and the United States agreed to a $30 billion reciprocal tariff-reduction arrangement and new talks on artificial intelligence during President Xi Jinping's visit to the U.S., Reuters reported, citing China's foreign ministry. Still guessing which names to buy? Our AI rebuilds its stock picks at the start of every month. The list is beating the market by 120%. See what's on it » The measures form part of an eight-point consensus reached during Xi's meetings with U.S. President Donald Trump, according to the ministry. Both governments endorsed the work of their economic teams and agreed to establish a bilateral trade council. They also backed an extension of agreements reached during earlier negotiations in Kuala Lumpur.