Trade War: US and China preparing for Trump-Xi Summit – Tariffs in Focus
During the negotiations, the trade representatives will also discuss artificial intelligence. According to US Finance Minister Scott Bessent, the US is open to talks.
US Finance Minister Scott Bessent and Chinese Vice Premier He Lifeng met in New York to prepare for the upcoming summit between US President Donald Trump and Chinese President Xi Jinping. They discussed possible agreements on artificial intelligence, tariffs, and critical minerals, including China's supply of rare earth magnets.
The talks also covered a trade agreement that is set to expire on November 10 and efforts to reduce tariffs on non-strategic goods. The US is open to discussing AI systems, aiming to avoid risks and decoupling of the two countries' systems. Analysts do not expect a breakthrough from the summit, but rather smaller steps.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
