From CNBC · Garrett Downs · · 1m 30s
Bessent calls China meeting 'successful' before Trump-Xi summit
U.S. and Chinese officials lay groundwork for high-stakes presidential summit with AI safeguards and trade talks.
In brief
U.S. and Chinese officials lay groundwork for high-stakes presidential summit with AI safeguards and trade talks. The U.S. and China are setting up formal mechanisms to manage AI risks and trade disputes before Trump and Xi meet on September 24. Originally reported by CNBC.
Bessent meets China's He Lifeng

U.S. Treasury Secretary Scott Bessent called his Sunday meeting with Chinese Vice Premier He Lifeng successful ahead of President Xi Jinping's visit to Washington this week.
U.S. proposes AI notification system
The U.S. proposed a U.S.-China AI Dialogue with a notification mechanism for incidents rising to national security level, aiming to increase transparency between the world's two leading AI powers.
“moving from opaque to more transparency between the number one and the number two AI powers in the world is very important”
Trump administration favors voluntary AI rules
The Trump administration has backed voluntary and national-security-focused safeguards for AI over broad mandatory rules, even as top executives warn the technology poses sweeping threats.
Trade board operationalized for negotiations
U.S. Trade Representative Jamieson Greer said the U.S.-China Board of Trade is now operationalized to identify goods that could be handled separately if trade measures are imposed.
Tariff truce expires in November
The current U.S.-China trade truce, which suspends heightened reciprocal tariffs on Chinese imports, is scheduled to expire November 10, making trade a key topic for the summit.
Tech leaders attending state dinner
JPMorgan Chase CEO Jamie Dimon, Citigroup chief Jane Fraser, OpenAI CEO Sam Altman, and Nvidia chief Jensen Huang are expected at a state dinner during Xi's visit.
In short
The U.S. and China are setting up formal mechanisms to manage AI risks and trade disputes before Trump and Xi meet on September 24.
