Geopolitics And Trade News

Bessent and He Lifeng finalize trade and AI groundwork ahead of Trump-Xi summit

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held preliminary talks in New York to prepare for the upcoming summit between President Trump and President Xi. The discussions focused on establishing a new AI notification mechanism, identifying non-sensitive goods for trade, and addressing the expiration of the current tariff truce on November 10. Both officials described the meeting as successful, aiming to set the stage for a high-stakes state dinner and bilateral meeting in Washington later this week.