Bessent-He Meeting Aims to Tee Up AI, Tariff Agreements Ahead of Trump-Xi Summit
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet on Sunday at JPMorgan Chase's headquarters in Manhattan to discuss potential agreements on artificial intelligence, tariffs, and critical minerals ahead of a high-stakes Washington summit between US President Donald Trump and Chinese President Xi Jinping.
The meeting is part of ongoing efforts to tee up potential agreements for the two leaders, who will meet this week. Key topics include the status of a US-China trade truce that expires on November 10, flows of rare-earth magnets and critical minerals, and guard rails for artificial intelligence after reports of key security breaches involving AI models.
According to analysts, the most likely outcome would be small steps to show continued avoidance of escalating tensions in the delicate trade relationship. 'Status quo is probably both sides' general best expectation,' said Anna Ashton, a long-time China trade analyst and founder of Ashton Intelligence.