US Treasury chief says meeting with China on trade, AI ‘very successful’

US Treasury Secretary Scott Bessent described a meeting with Chinese officials on trade and artificial intelligence as "very successful". The meeting, which lasted around eight hours, was held in New York and included discussions on setting up a dialogue mechanism on AI security. According to Bessent, the US proposed a notification mechanism between the two countries for incidents like security threats, which would be called the US-China AI dialogue.

The talks also covered trade, with the two countries preparing for a possible easing of trade tensions ahead of a truce deal set to expire in November. US President Donald Trump and Chinese President Xi Jinping are due to meet in Washington on Thursday. Bessent and Chinese Vice Premier He Lifeng, along with top US trade official Jamieson Greer and Chinese official Li Chenggang, were present at the meeting.

The discussions set the stage for possible agreements on trade, AI, and other issues before the summit of the countries' top leaders. According to Gulf News, Bessent said that the two countries have agreed to meet again.

Brief written by urgent.news from Punch Nigeria, France 24 Business, Punch, Gulf News — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.