Shea Levin — text status

The United States and China reached an eight-point agreement following President Xi Jinping’s visit to Washington, including reciprocal tariff reductions covering $30 billion in trade and the establishment of a bilateral trade council, according to China’s Foreign Ministry. The two sides also agreed to begin AI talks in November and establish a channel for AI-related incidents. On Iran, Washington and Beijing agreed that Tehran must uphold its commitment not to develop nuclear weapons, while also agreeing that no country or organization should impose transit fees on international waterways.