Bessent-He Talks Set Stage for Trump-Xi Summit on AI Security and Trade

US Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng on Sunday at JPMorgan Chase headquarters in New York. The meeting aims to discuss AI security, trade, and economic issues ahead of President Donald Trump's hosting of Chinese President Xi Jinping at the White House.

The talks will take place from 10:30 am ET, with a focus on establishing frameworks for tech restrictions and tariffs. This is crucial for multinational firms manufacturing in Greater China, as shifts in export controls or market access can significantly impact operational risk.

The meeting has significant implications for companies with manufacturing or sourcing in the region. With AI security, trade, and economic issues on the agenda, potential adjustments in component logistics and capital flows are likely to occur.