U.S. President Donald Trump and Chinese President Xi Jinping exchanged views on the risks and benefits of artificial intelligence at their summit and agreed to set up a bilateral channel for communicating about related incidents, the White House said in a fact sheet. No official announcement has come from the Chinese side.
In the fact sheet posted on its website on the 25th, the White House said the two leaders agreed to use the term "superintelligence," or SI, instead of AI when referring to the emerging technology.
The two countries have established a "U.S.-China SI Dialogue" to exchange views on the risks and benefits associated with SI, and the first session is scheduled to be held in November, the White House said. Washington and Beijing also agreed to build a bilateral communication channel for responding to SI-related incidents, it added.
On Iran, the two sides set out a statement of principle. According to the fact sheet, they agreed that Iran must never possess nuclear weapons and that no country or institution should be allowed to impose tolls on international waterways. Trump is also reported to have proposed trilateral arms control talks among the United States, Russia and China to Xi.
The White House said the two leaders discussed continuing global issues including Russia, North Korea and Iran, but the fact sheet contained no details on North Korea.
U.S. and China to Lower Tariffs on $30 Billion in Non-Sensitive Goods
The White House also said Trump and Xi discussed ways to promote peace and prosperity in order to bolster confidence among businesses and consumers worldwide, and that the two countries agreed to build a constructive relationship for strategic stability based on respect, fairness and reciprocity.
Among the items agreed on, the White House pointed to the full launch of a trade committee and an investment committee. The two leaders put the "U.S.-China Trade Committee" and the "U.S.-China Investment Committee" into full operation this week, according to the White House. Through the trade committee, the two sides agreed on a recommendation to grant each other lower tariffs on $30 billion worth of non-sensitive goods and launched a working group focused on removing barriers to market access in agriculture.
U.S. farm and fishery products, logs and wood products, cosmetics and medical devices are expected to benefit from the move. More favorable tariffs are also likely to apply to Chinese consumer goods such as small home appliances, toys, holiday decorations and infant car seats. The White House added that under measures to revive the U.S. coal industry, China plans to import at least 10 million tons of U.S. coal in each of 2027 and 2028.
It also said the United States and China are continuing to work together on U.S. concerns about supply shortages of rare earths and other critical minerals, with the goal of restoring shipment volumes to appropriate levels. Trump urged Xi to increase production of refined petroleum products to stabilize global supply, the White House said.
