Beijing says the US and China agreed to launch an AI dialogue and incident channel; the trade truce now runs to 10 January. China secured lower US tariffs on $30bn of goods, but Taiwan, rare-earth exports and advanced-chip restrictions remained unresolved.
Neither government issued a joint statement. Beijing said follow-up AI talks were scheduled for the end of November and described the incident channel as a way to prevent misunderstandings from escalating. Lower US tariffs apply to Chinese imports including toys, small appliances and Christmas decorations; reciprocal cuts are expected from Beijing. The Trump administration said China would buy at least 10 million metric tons of coal annually in 2027 and 2028.
Beijing said Xi urged Trump to formally oppose Taiwan independence; Trump said they had barely discussed it. The White House factsheet omitted Taiwan, and a proposed $14bn US arms package for the island remains on hold. Ambassador David Perdue said Trump offered to sell weapons to Xi; the State Department said US law bars arms sales to China and no such sales are planned. China said foreign financial firms may apply to open offices, subject to Chinese laws and regulations. The US maintains a Level 2 travel advisory urging increased caution; China has not extended visa-free entry to Americans.
