Bessent meets with Chinese counterpart ahead of Trump-Xi summit
Officials sought small steps on tariffs, critical minerals and AI guardrails as a trade truce nears its Nov. 10 expiration.
- On Sunday, Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng at JPMorgan Chase's Manhattan headquarters to prepare for President Donald Trump's summit with Chinese President Xi Jinping.
- The negotiations addressed holdover issues from May's Beijing meeting, including efforts to reduce tariffs on non-strategic goods and Chinese pledges to increase agricultural purchases by US$17 billion annually.
- Bessent called the talks "very successful," noting that both nations agreed to establish a notification mechanism for AI incidents and utilize the "Board of Trade" to identify non-sensitive goods.
- Trade Representative Jamieson Greer emphasized that continued flows of critical minerals and rare earth magnets remain vital for American manufacturers amid ongoing supply concerns.
- President Trump will host President Xi at the White House on Thursday for a state dinner, though analysts expect only modest deliverables rather than a breakthrough in the delicate trade relationship.
86 Articles
86 Articles
(Washington = Yonhap News) Correspondent Lee Yu-mi = Jamison said that the United States and China are continuing consultations regarding the extension of the 'trade truce' between the two countries, which expires this coming November...
The President of the United States will soon return to the great honour of meeting with the Chinese counterpart. The agenda should include the challenges of artificial intelligence and conflict in Iran, without forgetting trade relations. . . .If we manage to keep the truce, it will be positive, says researcher Kelly Grieco.
Donald Trump will welcome the Chinese president at the airport, amid a historic visit marked by the AI race and tensions between the two major world powers in trade matters.
Secretary Bessent Discusses 12-Hour Session with Chinese Vice Premier He Lifeng
Treasury Secretary Scott Bessent joins CNBC ‘Squawk Box’ this morning to discuss his 12-hour meeting with Chinese Vice Premier He Lifeng. Within the interview Bessent details the ‘U.S.-China AI Dialogue’, the calls for a slowdown in AI development and whether regulation is needed. Secretary Bessent notes President Trump is not going to deliver liability immunity […]
Coverage Details
Bias Distribution
- 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
