WorldCNAUS Treasury's Bessent, China's He to launch talks on AI, trade, critical minerals
US and Chinese officials are meeting in New York to try to lock in deals on AI, tariffs and critical minerals ahead of a Trump-Xi summit in Washington this week.
The Manhattan meeting comes days before US President Donald Trump is due to host Chinese President Xi Jinping at the White House in Washington.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met at JP Morgan's Manhattan headquarters to prepare for a Trump-Xi summit later this week.
Key issues on the table include a US-China trade truce expiring on November 10, Chinese rare-earth mineral flows, and AI security guardrails after reported breaches.
Analysts say a major breakthrough is unlikely, with both sides expected to agree on small steps to avoid escalating tensions in a relationship critical to the global economy.
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