🚨 JUST IN: US–CHINA TRADE UPDATE 🇺🇸🇨🇳
China says it has agreed with the U.S. on a $30 billion reciprocal tariff-reduction arrangement covering non-sensitive goods in both directions.
🤖 The two countries will also launch a bilateral AI dialogue to discuss the risks and benefits of artificial intelligence, with further talks expected in November.
📊 The agreement also includes plans for a trade council and follows an extension of the existing trade truce.
🌍 Any progress between the world’s two largest economies could have broader implications for global trade, technology and financial markets.
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