No AI chip negotiations with China are proceeding; US export control policy remains firm.

United States Trade Representative Jamieson Greer said Friday that the US and China have reached an agreement covering a "subset" of goods, with the two countries now operating under what he described as a "managed trade situation."

Greer emphasized, however, that key areas including artificial intelligence chips, export controls, and national security considerations were not part of the discussions.

On relations with Canada, Greer stated there is "no urgency" to conclude a trade deal, noting that the US continues to import oil, gas, and potash from its northern neighbor. He indicated that President Donald Trump is "comfortable" with the current state of affairs, whereas Canada is actively seeking a formal agreement.