Bessent proposes US-China AI security notification system in talks with Chinese vice premier

U.S. Treasury Secretary Scott Bessent proposed a new U.S.-China notification mechanism for AI security during talks Sunday with Chinese Vice Premier He Lifeng in New York, ahead of a Trump-Xi summit this week. The proposal focuses on national security concerns, with a notification system covering AI incidents reaching a national security level. Bessent emphasized moving from opacity to greater transparency between the world's top two AI powers. The Chinese response remained unclear, as He left without addressing media. The discussions also covered implementing a May-agreed process for potential tariff reductions on non-strategic goods, though no progress was reported on critical minerals supply. The U.S.-China trade truce expires November 10, with both sides seeking to avoid escalation in their delicate economic relationship.