US-China summit extends trade truce to January 2027 and lowers tariffs on $30 billion
Diplomatic readouts after Xi Jinping’s Sept 23-25 Washington visit cite a two-month extension of a trade truce to January 2027, lower tariffs on $30 billion of goods in both directions, and a US-China AI dialogue.
(The author is a Reuters Breakingviews columnist. ) By Hudson Lockett HONG KONG, Sept 28 (Reuters Breakingviews) — Extending the US-China trade truce by a less-than-expected two months makes it harder for businesses to plan ahead. Lower levies on $30 bln of goods look marginal and a new AI dialogue echoes one announced in May. The main upshot is this stay of execution will be short.
Full view will be published shortly. Follow Hudson Lockett on Bluesky and X. Context News Diplomatic readouts from the US and China following President Xi Jinping’s state visit to Washington on September 23 to 25 listed several items of agreement. These included a two-month extension of a trade truce until January 2027, lower tariffs on $30 billion of goods in both directions, and the creation of a US-China AI dialogue.
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