US and Chinese officials held talks in New York to establish an AI communication channel and discuss trade, ahead of a planned summit between Presidents Donald Trump and Xi Jinping.
Key facts
- •The New York meetings lasted approximately eight hours at JPMorgan Chase's headquarters.
- •US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng led the respective delegations.
- •The proposed AI notification mechanism aims to address incidents that rise to a national security level.
- •Officials are evaluating the potential for tariff reductions on non-sensitive goods, including energy and agricultural products.
- •The US is prioritizing the continued flow of critical minerals and rare earth magnets from China.
US and Chinese economic officials met in New York on Sunday to discuss establishing a formal communication channel for artificial intelligence concerns. The eight-hour meeting, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, served as a precursor to a planned summit between President Donald Trump and President Xi Jinping this week.
AI Dialogue and Notification Mechanism
Secretary Bessent proposed the creation of a 'US-China AI dialogue' to manage risks associated with the technology. The US has specifically suggested a notification mechanism designed to alert both nations to potential incidents involving AI that reach a national security level. Both delegations agreed to hold further meetings on the subject.
Trade and Strategic Discussions
The discussions also focused on easing tensions regarding trade and technology, including the potential extension of a trade truce. Officials are exploring the possibility of mutual tariff reductions on 'non-sensitive' goods, such as consumer products from China and energy, agricultural, and medical items from the US. Additionally, the US is seeking to ensure the continued supply of critical minerals and rare earth magnets for domestic manufacturers.
Upcoming Leadership Summits
The New York talks, which included US trade official Jamieson Greer and Chinese representative Li Chenggang, set the stage for a White House meeting between the two leaders. Further meetings are expected later this year, with President Trump anticipated to meet President Xi at the APEC forum in Shenzhen in November and potentially at the G20 summit in Miami in December.
Timeline
- SundayUS and Chinese officials held eight hours of talks in New York regarding AI and trade.
- This weekPresidents Donald Trump and Xi Jinping are scheduled to meet at the White House.
- NovemberPresidents Trump and Xi are expected to meet at the APEC forum in Shenzhen.
- DecemberPresident Trump is anticipated to invite President Xi to the G20 summit in Miami.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Economic Times.
