US Treasury Chief Says to Meet Chinese Counterpart at Weekend
- Treasury Secretary Scott Bessent will meet China's Vice Premier Lifeng this weekend to discuss Iran sanctions, ahead of President Donald Trump and Chinese President Jinping's September 24 summit.
- Vowing an "economic D-Day" against Iran, Bessent previously pledged to choke off Tehran financially; China remains Iran's top economic partner, purchasing much of its oil output.
- Bessent told the House Financial Services Committee, "With China, we have had some very good private discussions," adding that cooperation would continue during President Jinping's upcoming state visit to Washington.
- Washington has already sanctioned three banks to prevent Tehran from circumventing sanctions; Bessent noted that warnings have been heard, though the Treasury Department did not elaborate on specific agenda items.
- Diplomatic sources indicate the upcoming talks may also address artificial intelligence, with the meeting between Bessent and Lifeng establishing the agenda for Trump and Jinping's September 24 gathering.
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47 Articles
U.S. And China Keep Racing To AI Dominance. Bessent Says There Is Space For Cooperation Nonetheless.
Bessent is scheduled to meet with Chinese Vice Premier He Lifeng in New York as part of broader negotiations covering artificial intelligence, trade, rare earth minerals and other economic issues.
The prospects of extending the US-China trade truce gain strength, with the two countries discussing a reduction in tariffs on products that include American energy and agricultural items before the leaders' summit next week. Treasury Secretary Scott Bessen said he will meet this weekend with Chinese counterpart He Lifeng, before the summit between US President Donald Trump and Xi Jinping, scheduled for September 24 in Washington. Analysis: The …
The Korea Times
WTVBBessent says US open to discussing shared AI risks with China, Axios reports
U.S. Treasury Secretary Scott Bessent said the United States is open to discussing shared risks with China in upcoming AI talks this weekend, Axios...
Roanoke Times
Richmond Times-DispatchBessent defends Trump administration policies
WASHINGTON — U.S. Treasury Secretary Scott Bessent defended Trump administration economic policies, from currency and bond market interventions to artificial intelligence safety, before lawmakers Tuesday and disclosed plans to meet with his Chinese counterpart this weekend.
Chinese and US presidents are expected to meet on Sept. 24 in Washington
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