Washington: The US and China have agreed to reduce tariffs on USD 30 billion worth of goods and launch a dialogue on artificial intelligence (AI), following Chinese President Xi Jinping’s visit to Washington.

The tariff reductions will cover US exports including agricultural products, wood and cosmetics, as well as Chinese exports to the US such as small appliances, toys and decorations, according to a White House statement issued on Friday.

“The two countries reached consensus on recommendations for more favourable tariff treatment for USD 30 billion of non-sensitive goods in each direction,” the White House said.

The three day summit between Xi and US President Donald Trump, which concluded on Friday, focused heavily on personal diplomacy, with few major public breakthroughs announced. Xi has since returned to Beijing, China’s state news agency Xinhua reported on Saturday.

The two sides also agreed to establish a trade council and extend the outcomes of earlier negotiations held in Kuala Lumpur, China’s Foreign Ministry said.

The latest agreement comes after the world’s two largest economies said they were extending their tarrif truce by two months. The truce was scheduled to expire on November 10 but the extension will give both sides additional time to work toward a broader agreement, US Treasury Secretary Scott Bessent said on Wednesday.

Chinese Foreign Minister Wang Yi described the visit as significant, saying it strengthened the “constructive and stable China-US relationship” and opened a new chapter in bilateral ties.

On foreign policy, Washington and Beijing agreed that Iran should uphold its commitment not to develop nuclear weapons. The two sides also said that no country or entity should impose transit tolls on international waterways.

The US and China also agreed to establish a dialogue on the risks and benefits of artificial intelligence. The next round of discussions is scheduled for November, while the two countries will establish a communication channel to address AI-related incidents, according to statements from the White House and China’s Foreign Ministry.

The White House also said the leaders had agreed to use the term “super intelligence” instead of “artificial intelligence.”

China’s Foreign Ministry said Beijing welcomed Washington’s use of the new terminology, adding that both sides should increase exchanges and work toward greater consensus as AI technology continues to develop.

The two countries also agreed to support each other in hosting major international gatherings, including the Asia Pacific Economic Cooperation (APEC) leaders’ meeting and the Group of 20 (G20) summit.