News Summary

• u.s. and China agree to reduce tariffs on $30 billion of goods and launch a dialogue on AI.
• The tariff reductions would apply to US exports such as agricultural goods, wood ‌and cosmetics.
• The two sides ‌also agreed to set up a trade ⁠council and extend the outcomes of earlier talks in Kuala Lumpur.
• The agreement follows a move by the world's two largest economies to extend a trade truce that had been due to expire on November 10.