Bessent meets with Chinese counterpart ahead of Trump-Xi summit

TL;DR

Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng in New York.
The meeting preceded a planned summit between President Trump and Chinese President Xi Jinping.
Discussions focused on the U.S.-China economic and trade relationship, with a particular emphasis on artificial intelligence (AI) and tariffs.
Both sides agreed to further dialogue on AI, including a proposed 'notification mechanism' for national security-related incidents.
Efforts are underway to identify non-sensitive goods, such as consumer items and energy products, for balanced trade.
U.S. Trade Rep. Jamieson Greer also participated, emphasizing deepening engagement for mutually beneficial trade.
The Trump administration plans to pursue balanced trade by monitoring commitments, optimizing trade in non-sensitive goods, and improving market access.
Artificial intelligence, an expiring trade agreement, and critical minerals are expected to be major topics at the upcoming Trump-Xi summit.

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