US Treasury's Bessent to discuss AI, rare earths with China's He, source says
Bessent and He will discuss AI guardrails, rare earth supplies and trade tensions as the two sides seek small steps before the summit.
- 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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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>.
US-China talks in New York set stage for Trump-Xi summit on AI and tariffs
Scott Bessent and He Lifeng held talks in New York to prepare for the Trump-Xi summit on AI, tariffs and critical minerals. The meeting is expected to shape limited deliverables while keeping broader US-China tensions from escalating.
Representatives of the United States and China have begun talks in New York, discussing trade, investment, artificial intelligence and the situation around Iran. The American delegation is led by US Treasury Secretary Scott Besant, and the Chinese delegation is led by Vice Premier He Lifen. According to Bloomberg, among the main topics is the trade truce, under which the two countries have reduced tariffs and export restrictions. Its term expire…
During the negotiations, the trade representatives will also talk about artificial intelligence. According to US finance minister Scott Bessent, the US is open for talks.
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