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

WASHINGTON — U.S. Treasury Secretary Scott Bessent plans to discuss AI, trade, rare earths and economic issues when he meets with Chinese Vice Premier He Lifeng in New York City this weekend, according to a source familiar with his plans. The discussions are significant because the U.S. and China are the two major forces driving development of advanced AI tools and the global adoption of the…

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

U.S. Treasury Secretary Scott Bessent is set to discuss artificial intelligence (AI), trade, rare earths, and other economic matters during his upcoming meeting with Chinese Vice Premier He Lifeng in New York City. This interaction is of particular importance as both the United States and China are leading entities in the advancement of AI technology and its worldwide integration.

Rare earths are vital components in the production of various technologies. Bessent, along with U.S. Trade Representative Jamie Jamieson Greer and He, will convene on Sunday in New York, preceding a summit between U.S. President Donald Trump and Chinese President Xi Jinping on September 24 in Washington. Jamie Greer, in an official statement, emphasized the administration's commitment to balanced trade with China, highlighting efforts to ensure compliance with recent agreements, optimize trade in non-sensitive goods, and enhance market access for American farmers, manufacturers, and workers.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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