US Treasury Secretary Bessent Calls China Trade, AI Talks ‘Very Successful’ Ahead of Trump-Xi Summit
The talks are expected to cover artificial intelligence, tariffs and rare earths as Washington and Beijing prepare for Trump’s summit with Xi.
- On Sept 20, Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng in New York to discuss trade and artificial intelligence ahead of President Donald Trump's summit with Chinese President Jinping in Washington on Sept 24.
- Both sides discussed establishing a "US-China AI dialogue" to manage security threats, while addressing the trade truce expiration scheduled for Nov 10, which includes Chinese commitments on rare-earth exports and American agricultural purchases.
- Trade Representative Jamieson Greer joined the eight-hour negotiations, stating it is "imperative that we are able to work together" to ease tensions on technology and strategic concerns alongside Chinese official Li Chenggang.
- JPMorgan CEO Jamie Dimon, Citigroup chief Jane Fraser, OpenAI CEO Sam Altman, and Nvidia chief Jensen Huang are expected to attend a state dinner during the Chinese President's Washington visit this week.
- Competition between the United States and China over technological leadership intensifies as the Trump administration favors voluntary, national-security-focused safeguards for AI developers over the broad mandatory regulations urged by industry leaders.
14 Articles
14 Articles
US Treasury Secretary Bessent calls China trade, AI talks ‘very successful’ ahead of Trump-Xi summit
Both sides had been working to reduce levies on American energy and agricultural products, as part of a wider effort to ease barriers on $30 billion worth of goods traded under the Board of Trade mechanism launched earlier this year.
The United States and China have agreed to resume talks on artificial intelligence (AI). The countries want to reach agreements on, among other things, the exchange of information regarding security risks. This was stated by US Treasury Secretary Scott Bessent following a meeting with Chinese Vice Premier He Living.
U.S. and Chinese officials discussed trade and artificial intelligence during fruitful talks in New York, U.S. Treasury Secretary Scott Besant said, according to Reuters. After meeting with Chinese Vice Premier He Lifen, Besant told reporters that the two sides had agreed to meet again. He did not provide further details about the content of the talks. U.S. Trade Representative Jamieson Greer said the talks would lay the groundwork for a success…
Bessent Hails ‘Successful’ China Talks on AI, Trade
US Treasury Secretary Scott Bessent described talks with his Chinese counterparts that spanned artificial intelligence, trade and investment as “very successful” ahead of this week’s summit between presidents of the world’s two biggest economies. Bloomberg's Stephen Engle shares what we know. (Source: Bloomberg)
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