US and China hold constructive talks ahead of critical New York summit

US Treasury Secretary Scott Bessent and his Chinese counterparts met in New York to discuss artificial intelligence, trade, and investment. Held ahead of a summit between the leaders, the meeting resulted in an agreement to establish a new notification mechanism in the field of artificial intelligence.

Contacts in New York

US Treasury Secretary Scott Bessent evaluated the discussions with his Chinese counterparts in the fields of artificial intelligence, trade, and investment as successful. The talks were held ahead of a summit between US President Donald Trump and Chinese President Xi Jinping.

The official Xinhua news agency described the talks as candid, comprehensive, and constructive. The parties exchanged views on the implementation of previous understandings and the promotion of trade and investments.

Artificial Intelligence Dialogue Mechanism

Bessent briefed the press following hours of talks in New York with Chinese Vice Premier He Lifeng and other officials. The two sides decided to create a structure aimed at reaching a common understanding regarding shared goals and threats.

It was reported that the mechanism, named the US-China Artificial Intelligence Dialogue, will focus on national security incidents. The US side emphasized the importance of increasing transparency between the world's first and second artificial intelligence powers.

Trade and Summit Expectations

According to sources close to the matter, the parties aim to reduce barriers on thirty billion dollars' worth of products from each side under the Trade Commission mechanism. Within this scope, efforts are underway to lower tariffs applied to American energy and agricultural products.

Chinese leader Xi Jinping is scheduled to be hosted at the White House by US President Donald Trump this week. This visit marks the Chinese leader's first state visit to Washington in over a decade.