Bessent Hails ‘Very Successful’ China Talks on AI and Trade
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.
22 Articles
22 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.
On 21 September 2026, prior to the visit to Washington by President Xi Jinping, US Treasury Secretary Scott Bessent discussed the trade and economic relations of the two countries with the Vice-Premier of the State Council of China, Hae Lifeng.
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.
US and Chinese officials held a successful meeting on trade and artificial intelligence, paving the way for the presidential summit.A dialogue on AI was proposed to ease tensions and previous trade safeguards and commitments were discussed.
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