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Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng in New York City on Sunday to discuss U.S.-China economic and trade issues before the upcoming summit between President Trump and Chinese President Xi Jinping. The meeting, which took place at JPMorgan Chase's headquarters, also involved U.S. Trade Representative Jamieson Greer. Key topics of discussion are expected to include artificial intelligence standards and an expiring trade agreement. Bessent emphasized that the talks would lay groundwork for advancing America’s economic interests during Trump's summit with Xi on Thursday in Washington.
Written locally by qwen2.5:14b on 2026-09-21,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Scott Bessent, U.S. Treasury Secretary, met with He Lifeng, Chinese Vice Premier, on September 20, 2026, in New York City ahead of a planned summit between President Donald Trump and Chinese leader Xi Jinping scheduled for September 24 in Washington. The talks focused on trade issues, tariffs, rare earth minerals, and artificial intelligence (AI), setting the stage for discussions at the leaders' meeting. U.S. Trade Representative Jamieson Greer also participated in the all-day session held at JPMorgan Chase's headquarters. Treasury Secretary Bessent called the engagement "very successful," emphasizing a proposed mechanism to enhance communication on AI security threats between the two nations. The summit aims to ease tensions and address economic and strategic concerns, though analysts predict limited breakthroughs due to ongoing great power competition. Markets responded positively to news of the productive talks, with Asian stocks advancing on Monday.
Written for “US-China Trade Talks Ahead Summit” on 2026-10-05,
grounded in this article and the 29 other(s) covering the same event.
Treasury Secretary Scott Bessent is meeting with Chinese Vice Premier He Lifeng on Sunday, ahead of the planned summit between President Trump and Chinese President Xi Jinping this week.
asserted
Bessent → meet → Trump
"In New York City, Vice Premier He Lifeng and I are continuing our discussions on the U.S.-China economic and trade relationship ahead of @POTUS' historic summit with President Xi in Washington," Bessent said in a post on X. "These talks help lay the groundwork for President Trump to advance America's economic interests and deliver results for the American people."
Bessent and He, who oversees China's economy, are meeting at JPMorgan Chase's headquarters in Manhattan on Sunday for the talks, which are expected to set the table for the two presidents' highly anticipated meeting later this week.
asserted
which → continue → meeting
U.S. Trade Rep. Jamieson Greer was also expected to join the talks.
asserted
Greer → expect → talks
In a statement ahead of the meeting, Greer said the U.S. and China are "deepening their engagement to facilitate mutually beneficial trade between the two largest economies in the world.
asserted
U.S. → say → world
"The Trump administration will continue to pursue balanced trade with China by monitoring the implementation of recent commitments, optimizing trade in non-sensitive goods, and improving market access for American farmers, manufacturers, and workers," Greer said.
asserted
Greer → continue → farmers
Heading into the meeting Sunday morning, Bessent told reporters that he looked forward to "focused, fulsome and constructive" talks.
asserted
he → head → talks
Mr. Trump is set to welcome Xi to the White House on Thursday for a summit and state dinner, which will mark the second time this year that the two leaders have met face to face following their meeting in Beijing in May.
uncertain
leaders → set → May
Xi last visited the White House in 2015.
asserted
Xi → visit → 2015
Looming large over the meeting will likely be artificial intelligence, after some industry leaders called for
on the industry earlier this month.
asserted
leaders → loom → industry
The leaders are also expected to address an expiring trade agreement between the two countries, along with discussions around critical minerals.
asserted
leaders → expect → minerals
Democratic Rep. Ro Khanna of California said on Sunday that an agreement on AI "needs to be the first agenda item on the Trump-Xi Jinping summit" to set "basic standards."
asserted
agreement → say → standards
"That should include international monitoring; it should include checks through the data centers, where you can tell whether a model is being used for inference or training," Khanna said on "
"And it should use enforceable and verifiable tools."
asserted
it → include → tools
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