US and China Hold Talks Ahead of Leaders' Summit
Summary
US and Chinese officials have begun talks in New York ahead of a planned summit between Donald Trump and Xi Jinping, with trade, artificial intelligence, and rare minerals among the key issues. The sides are expected to seek a limited de-escalation, while expectations for a major breakthrough remain low.
Key Points
- Scott Bessent and He Lifeng opened talks in New York to prepare for possible agreements on trade, AI, and other issues.
- The negotiations include Jamison Greer and are taking place at JPMorgan Chase's headquarters ahead of a Trump-Xi meeting at the White House.
- The two sides may consider extending the trade ceasefire and adding security measures for artificial intelligence development.
- Analysts say expectations for the summit are limited, though Trump and Xi are expected to meet again at APEC in Shenzhen and possibly at the G-20 summit.
