US Treasury's Bessent to discuss AI, rare earths with China's He, source says

U.S. Treasury Secretary Scott Bessent is set to meet with Chinese Vice Premier He Lifeng in New York City this weekend to discuss topics including AI, trade, rare earths, and other economic issues, according to a source familiar with the plans. The meeting is significant as both the U.S. and China are key players in the development of advanced AI technology and the global adoption of the technology.

Rare earths, which play a crucial role in the manufacturing of technology, will also be a topic of discussion. The meeting will take place on Sunday, ahead of a summit between U.S. President Donald Trump and Chinese President Xi Jinping on September 24 in Washington. The Trump Administration aims to pursue balanced trade with China by monitoring the implementation of recent commitments, optimizing trade in non-sensitive goods, and improving market access for American farmers, manufacturers, and workers.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.