U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet on Sunday to discuss AI, tariffs and critical minerals ahead of a high‑stakes Washington summit.
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are slated to meet on Sunday for high‑level talks covering artificial intelligence, trade tariffs, and the supply chain of critical minerals.
Background to the talks
The meeting comes as Washington prepares for a summit that aims to address growing strategic competition between the United States and China. Both sides have signaled a willingness to engage on issues where cooperation is deemed essential, even as broader bilateral relations remain strained.
Artificial intelligence cooperation
Bessent and He are expected to discuss frameworks for AI research collaboration, data sharing standards, and safeguards against misuse. The dialogue aims to balance the need for innovation with concerns over national security and intellectual property protection.
Trade and tariff issues
Tariff disputes that have lingered since 2018 will be on the agenda, with both officials seeking pathways to de‑escalate tensions. Topics include agricultural exports, automotive components, and the broader impact of trade barriers on supply chains.
Critical minerals supply chain
Securing reliable sources of lithium, rare earths, and other critical minerals is a priority for both economies. The talks will explore joint investments, transparent pricing mechanisms, and diversification strategies to reduce reliance on single‑source providers.
- Joint AI research initiatives
- Tariff reduction pilots for key sectors
- Co‑investment in mining projects
Observers note that the outcome of these discussions could set the tone for future U.S.–China engagement on technology and trade, influencing global markets and geopolitical dynamics.
Reuters coverage of U.S. Treasury’s Bessent, China’s He talks