# Trump and Xi Agree to $30 Billion Tariff Cuts, Launch AI Safety Dialogue

*2026-09-28 02:03 UTC · Business · 1 min read*

> Trump and Xi agreed to $30B in tariff cuts across 134 product categories and launched a joint US-China AI safety working group.

Presidents Donald Trump and Xi Jinping struck the biggest US-China trade concession since 2018-2019 at their September 24 summit, agreeing to cut tariffs across 134 product categories worth $30 billion, with rates dropping from a 15-45% range down to 5-15%. The deal covers goods from farm products and aircraft components to toys and small appliances.

Beyond trade, Beijing pledged to buy $12 billion in additional US agricultural products over the next year and to import 10 million metric tons of American coal in both 2027 and 2028. The two sides also launched a joint working group on AI safety standards and agreed to set up a bilateral trade council.

Markets welcomed the thaw: the Dow Jones Industrial Average jumped 1.8%, while Nvidia, Apple and Microsoft each gained 2-3% in afternoon trading. The agreement marks a sharp reversal from Trump's earlier skepticism toward US-China AI cooperation.

## Sources

- [karmactive.com](https://www.karmactive.com/trump-xi-summit-ai-tariff-deal/)
- [axios.com](https://www.axios.com/2026/09/26/us-china-tariffs-trade-30-billion)

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TechTools News · https://techtools.cz/tools/news/article/2452-trump-and-xi-agree-to-30-billion-tariff-cuts-launch-ai-safety-dialogue
Česká verze: https://techtools.cz/tools/news/clanek/2526-trump-a-si-se-dohodli-na-snizeni-cel-o-30-miliard-dolaru-a-spustili-dialog-o