US and China agree to cut $30 billion in tariffs

ara.cat (Spanish) —

China and the US have reached an agreement to save $30 billion (€26.34 billion) in reciprocal tariffs, announced Saturday by China's Foreign Ministry, a day after the Xi Jinping-Donald Trump summit concluded. The deal follows a two-month extension of a trade truce that was set to expire November 10, and it also extends that timeline. Both Beijing and Washington will use this period to work toward a potentially broader trade pact, as stated by US Treasury Secretary Scott Bessent. Additionally, the two nations agreed to maintain a dialogue on the risks and benefits of artificial intelligence. The next discussions between the two countries are expected to take place in November.


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