Bessent and He Lifeng hold trade talks ahead of Trump-Xi summit

cnbc.com

U.S. Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng in New York on Sunday ahead of President Xi Jinping's visit to Washington, with talks covering trade, artificial intelligence, and critical minerals before the Sept. 24 Trump-Xi summit. Bessent said the discussions aim to lay groundwork for President Donald Trump to advance American economic interests, with U.S. Trade Representative Jamieson Greer also expected to participate. The meeting precedes Xi's first U.S. visit during Trump's second term, amid escalating competition between the world's largest economies. The summit will address AI safety, tariffs, and trade, with a key U.S.-China trade truce suspension of heightened reciprocal tariffs set to expire Nov. 10. JPMorgan CEO Jamie Dimon, Citigroup's Jane Fraser, OpenAI's Sam Altman, and Nvidia's Jensen Huang are expected at a state dinner during Xi's visit.


With a significance score of 4.7, this news ranks in the top 2.3% of today's 31906 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Bessent and He Lifeng hold trade talks ahead of Trump-Xi summit | News Minimalist