Trump and Xi announce new trade agreement as U.S. proposes AI incident-notification mechanism

  • Trump and Xi announced a new U.S.-China trade agreement at the White House.
  • Xi said the agreement's terms were not disclosed.
  • Bessent said the United States proposed AI national-security incident notifications.

President Donald Trump and Chinese President Xi Jinping said their economic and trade teams reached a new joint agreement during talks at the White House, although neither side disclosed its terms. The announcement follows a two-month extension of the countries' trade truce, which had been due to expire in November and was extended to January 10. Xi called for broader areas of cooperation and fewer points of friction to stabilize bilateral economic ties, while urging Washington to maintain opposition to Taiwan independence and handle the issue prudently. The summit also addressed artificial intelligence, Ukraine, the Middle East and the Korean Peninsula. Treasury Secretary Scott Bessent said the United States had proposed a mechanism for notifying each other of AI-related matters reaching the national-security level, while unresolved disputes over tariffs, rare-earth supplies, agricultural purchases and U.S. chip restrictions continued to shape the relationship.

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