Trade Deal

China and US Agree to 30 Billion Dollar Tariff Cut and Launch AI Safety Dialogue During Xi Visit

Reuters and multiple US outlets reported that Beijing announced during President Xi Jinping’s visit to Washington that China and the United States have agreed to cut tariffs on roughly 30 billion dollars in goods and to establish a dedicated communication channel for artificial intelligence safety incidents.

Canada and US Announce Progress Toward Trade Deal, Averting 50% Tariff Crisis

Canadian Prime Minister Carney and US President Trump announced on August 20 that both sides have made ‘significant progress’ on trade disputes, finalizing details to avoid implementing 50% punitive tariffs before the weekend deadline. Bloomberg reports the US will halve Canadian steel and aluminum tariffs. This progress temporarily eases increasingly tense trade relations, but analysts remain skeptical about the agreement’s substance and sustainability.