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Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New York on Sunday, with the U.S. proposing a notification mechanism covering artificial intelligence incidents that rise to a national security level.

Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New York on Sunday, with the U.S. proposing a notification mechanism covering artificial intelligence incidents that rise to a national security level.

Bessent said the two sides negotiated an AI dialogue mechanism, first floated when Trump met Xi in Beijing in May. Chinese state media said the delegations held candid, in-depth and constructive exchanges on economic and trade issues, including AI.

Bessent said the two sides negotiated an AI dialogue mechanism, first floated when Trump met Xi in Beijing in May. Chinese state media said the delegations held candid, in-depth and constructive exchanges on economic and trade issues, including AI.

"We think that just like with any cross-border activity, that moving from opaque to more transparency between the No. 1 and the No. 2 AI powers in the world is very important," Bessent said after the meetings at JPMorgan Chase's Manhattan headquarters.

"We think that just like with any cross-border activity, that moving from opaque to more transparency between the No. 1 and the No. 2 AI powers in the world is very important," Bessent said after the meetings at JPMorgan Chase's Manhattan headquarters.

U.S. Trade Representative Jamieson Greer said export controls on advanced AI chips and semiconductor manufacturing equipment were not on the agenda, and that the talks would prepare the ground for the Trump-Xi summit Thursday and Friday in Washington.

U.S. Trade Representative Jamieson Greer said export controls on advanced AI chips and semiconductor manufacturing equipment were not on the agenda, and that the talks would prepare the ground for the Trump-Xi summit Thursday and Friday in Washington.

Both sides moved to operationalize a Board of Trade discussed in May to identify nonsensitive goods for lower tariffs. Greer cited Chinese consumer and low-tech items and U.S. energy, agricultural goods and medical devices as candidates.

Both sides moved to operationalize a Board of Trade discussed in May to identify nonsensitive goods for lower tariffs. Greer cited Chinese consumer and low-tech items and U.S. energy, agricultural goods and medical devices as candidates.

The one-year trade truce reached in Busan, which capped tariffs near 20%, expires Nov. 10 and was not extended Sunday. U.S. officials say China's delivery of critical minerals has fallen short of its commitments under that agreement.

The one-year trade truce reached in Busan, which capped tariffs near 20%, expires Nov. 10 and was not extended Sunday. U.S. officials say China's delivery of critical minerals has fallen short of its commitments under that agreement.

U.S. Pitches AI Hotline With China Ahead of Trump-Xi Summit

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U.S. Pitches AI Hotline With China Ahead of Trump-Xi Summit

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