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US and China launch high-stakes AI security and trade talks ahead of Trump-Xi summit

  • Policy & Regulation
  • Foundation Models

Top U.S. Treasury and Chinese officials convened Sunday at JPMorgan's Manhattan headquarters to launch talks on artificial intelligence security, trade disputes, and critical minerals—a significant diplomatic move ahead of a bilateral White House summit between President Donald Trump and Chinese President Xi Jinping scheduled for later this week. U.S. Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng for an all-day negotiating session that began at approximately 10:30 a.m. ET, joined by U.S. Trade Representative Jamieson Greer. The Sunday meeting served as a preliminary round to establish potential agreements on AI governance and other contentious economic issues before the principal leaders' discussions.

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