U.S. proposes AI alert system

Treasury Secretary Scott Bessent announced the U.S. has proposed a notification mechanism for AI incidents affecting national security, discussed with China's Vice Premier He Lifeng in New York.

“We want a shared vision of common goals and common threats.”

Transparency over opacity

Bessent emphasized moving from secrecy to openness between the number one and number two AI powers globally is critical for managing shared threats.

“moving from opaque to more transparency between the No. 1 and the No. 2 AI powers in the world is very important.”

Trump opposes AI slowdown

Trump has resisted calls to slow artificial intelligence development, arguing that doing so would allow China to catch up to U.S. companies.

Board of Trade operationalized

The U.S. and China have agreed to activate a new Board of Trade that Trump and Xi discussed during their Beijing meeting in May.

“Today those notions have become reality.”

Tariff discussions ongoing

Trade Representative Jamieson Greer said both sides are still negotiating which nonsensitive items could qualify for lower tariffs, including consumer goods, agricultural products, energy, and medical devices.

Precedent for other nations

An Asia Group consultant noted the AI risk notification mechanism could set a template that other countries follow in managing artificial intelligence security.

“The initial outcome, an AI risk notification mechanism, sets a precedent that other countries may follow.”