Treasury Secretary Scott Bessent and Vice Premier He Lifeng met in New York to finalize preparations for a high level summit between the two nations. The US government offered to extend the current trade truce by six months, while Beijing is pushing for a longer extension of the agreement. The two sides also operationalized a formal AI dialogue and an incident line to notify the other party of security threats emerging from artificial intelligence.
These discussions lay the groundwork for President Xi Jinping's visit to the White House from September 23 to 25 for talks with President Donald Trump. Trade Representative Jamieson Greer confirmed that chip export controls were not on the agenda, focusing instead on shared risks such as accidental cyberattacks and misuse of AI by non-state actors.
Key sources
- SUPPORT@deitaone“US PROPOSED EXTENDING CHINA TRADE TRUCE BY SIX MONTHS”x.com
- SOURCE@financialjuice“US Treasury Secretary Bessent: Will open up an incident line on AI with China”x.com
- SUPPORT@kyleichan“Chinese state media Xinhua has a very brief report on the Bessent and He Lifeng meeting in New York”x.com
- SUPPORT@kyleichan“Bessent said the US and China have discussed setting up an official AI dialogue and a notification mechanism for AI incidents”x.com
- SOURCE@financialjuice“US Treasury Secretary Bessent: Have formalized an AI dialogue.”x.com
- SOURCE@reuters“China's Xi to visit the US from September 23-25”x.com
- SOURCE@choblin29“US has proposed a new AI notification mechanism with China for incidents that rise to the national security level”x.com
- SUPPORT@andrewcurran_“this new AI Notification System gets activated 'when a matter related to AI reaches the national security level'”x.com