US Treasury's Bessent to discuss AI, rare earths with China's He, source says
- Treasury Secretary Scott Bessent plans to discuss artificial intelligence, trade, and rare earths with Chinese Vice Premier He Lifeng in New York City this weekend, ahead of a September 24 summit between President Donald Trump and Chinese President Xi Jinping.
- Negotiators will address potential extension of a tariff truce expiring November 10, which currently caps duties at about 20 per cent, while seeking to improve flows of Chinese-produced rare-earth magnets curtailed in 2025.
- Bessent stated he expects discussions to cover "both open- and closed-weight models," reinforcing his recent call for the United States and China to agree on "guardrails" to prevent misuse by non-state actors.
- Reuters reported Thursday that a U.S. government website employed a Chinese AI model, despite FBI accusations that developer Alibaba engaged in "malicious" copying of Anthropic's technology, complicating security discussions.
- These New York meetings explore possible areas of agreement ahead of the September 24 summit between Trump and Jinping in Washington, as both nations remain primary forces driving advanced AI development.
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Reformatorisch Dagblad
US Treasury Secretary Scott Bessent will speak with Chinese Vice Premier He Lifeng in New York on Sunday about AI security, trade, key commodities, and other economic topics. The talks will take place at the headquarters of the major American bank JPMorgan Chase in Manhattan.
Scott Bessent huddles with Chinese vice premier on trade ahead of Trump’s meeting with Xi Jinping
Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng huddled in the newly minted JPMorgan Chase & Co. headquarters in midtown Manhattan to discuss trade and other pressing matters.
Bessent Meets with Chinese Counterpart Ahead of Summit
“Treasury Secretary Scott Bessent is meeting with Chinese Vice Premier He Lifeng on Sunday, ahead of the planned summit between President Trump and Chinese President Xi Jinping this week,” CBS News reports.
US and China begin talks ahead of Trump-Xi summit - Bloomberg <p>In New York, the US and China discuss trade, investment, AI and Iran. Negotiations are supposed to preserve a fragile trade truce</p>.
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