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US, China Cut Tariffs
- United States and China agreed to cut tariffs on $30 billion of non-sensitive goods each way.
- The deal lowers duties on U.S. farm products, wood, cosmetics and Chinese small appliances, toys, decorations.
- Both sides pledged ongoing AI risk dialogue and scheduled a follow-up meeting in November.
- They established a communication channel for AI-related incidents.
- Xi said AI development must remain under human control.
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