US Treasury’s Bessent to discuss AI, rare earths with China’s vice-premier
Scott Bessent will meet with He Lifeng in New York ahead of the summit between US president Donald Trump and Chinese president Xi Jinping.
US Treasury Secretary Scott Bessent will meet with Chinese Vice-Premier He Lifeng in New York City this weekend to discuss artificial intelligence, rare earths, and other economic matters, according to a source familiar with the plans. The two leaders will also meet on Sunday ahead of the upcoming summit between US President Donald Trump and Chinese President Xi Jinping on September 24 in Washington.
Bessent and He will likely explore opportunities to extend the current tariff truce, which expires on November 10, and improve the flow of Chinese-produced critical minerals like rare-earth magnets to the US. The US remains the leader in AI development, but Bessent has called for the creation of "AI guardrails" to prevent powerful models from falling into the hands of malicious non-state actors.
Bessent also expressed openness to discussions aimed at avoiding risks and bifurcation of the two systems.
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- US Treasury’s Bessent to discuss AI, rare earths with China’s vice-premier freemalaysiatoday.com
- US Treasury's Bessent to discuss AI, rare earths with China's He, source says koreatimes.co.kr
