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US Treasury's Bessent to discuss AI, rare earths with China's He, source says
- On Sunday, US Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng in New York to discuss trade, artificial intelligence and rare earths ahead of President Donald Trump and President Xi Jinping's Washington summit on September 24.
- Negotiators face pressure to extend a tariff truce expiring November 10 while ensuring continued flows of Chinese-produced rare-earth magnets and critical minerals that Beijing had severely curtailed in 2025. A senior U.S. official told reporters on Friday that China's performance "has not been up to par."
- Bessent and He agreed to establish a 'US-China AI dialogue' to improve transparency between the world's two leading AI powers. "We think that, just like with any cross-border activity, that moving from opaque to more transparency between the number one and the number two AI powers in the world is very important," Bessent told reporters.
- After Sunday's meetings, Bessent described the engagement as "very successful," while top Chinese trade negotiator Li Chenggang said a working group would continue discussions on Monday. Both sides agreed to meet again on a "working" level.
- These preparatory talks establish the agenda for Trump and Xi to meet in Washington, though observers expect the leaders to focus on managing the relationship rather than achieving major breakthroughs. Analysts caution that "status quo is probably both sides' general best expectation.
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Treasury Secretary Scott Bessent met in New York with Chinese Deputy Prime Minister He Lifeng days before the meeting between Donald Trump and Xi Jinping in the White House.
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.
Bessent hails ‘very successful’ China talks on AI, trade
U.S. Treasury Secretary Scott Bessent lauded “very successful” talks with his Chinese counterparts that spanned artificial intelligence, trade and investment ahead of this week’s summit between leaders Donald Trump and Xi Jinping.
·United States
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Coverage Details
Total News Sources108
Leaning Left16Leaning Right23Center20Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 27%
C 34%
R 39%
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