U.S. Trade Representative and Treasury Secretary Engage in High-Level Talks with China Ahead of Trump-Xi Summit
Senior U.S. and Chinese officials, including U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent, held high-level consultations in New York on September 20. These discussions covered critical areas such as trade, artificial intelligence (AI), and other economic issues, serving as preparatory groundwork for an upcoming summit between President Trump and Chinese President Xi Jinping. China's delegation was led by Vice Premier He Lifeng. Both sides characterized the talks positively, with Bessent calling them highly successful and China describing them as candid, in-depth, and constructive. While no detailed package of binding commitments was announced, the meetings aimed to advance negotiations and establish mechanisms for improved communication, particularly regarding a proposed AI dialogue and a 'Board of Trade' for non-sensitive goods. The commercial relationship between the two nations has seen a substantial contraction, with total U.S.-China goods and services trade falling 25....
