After Xi Jinping’s meeting at the White House, the US and China mutually reduce tariffs by 30 billion dollars, create a trade council, and open dialogue on the risks of artificial intelligence

The United States and China have agreed to extend the outcomes of the trade negotiations in Kuala Lumpur and to create a trade council, China's Ministry of Foreign Affairs announced on Saturday, following the three-day summit between Donald Trump and Xi Jinping.

The decision provides additional time for negotiations, following the two-month extension of the trade truce between the two economies, which was due to expire on November 10. U.S. Treasury Secretary Scott Bessent said that extending the period could facilitate the conclusion of a broader trade agreement.

Washington and Beijing also agreed to begin a dialogue on the risks and benefits of artificial intelligence. A new round of talks is scheduled for November, and the two countries will create a communication channel for incidents associated with AI.

The summit ended on Friday without the announcement of any major public agreements, being dominated by direct discussions between Trump and Xi. The two sides agreed to support each other in organizing the APEC and G20 meetings and discussed Iran, nuclear weapons, and transit fees on international waterways.