US and Chinese ministers open talks to prepare accords ahead of Xi's Washington visit

Bessent and He Lifeng met Sunday to prepare agreements on tariffs, rare earths, and AI ahead of Xi Jinping's Washington visit this week.

• Treasury Secretary Scott Bessent, Vice Premier He Lifeng, and US Trade Representative Jamieson Greer met Sunday in Manhattan on tariffs, rare-earth flows, and AI.
• The White House will host a state dinner for Xi attended by the CEOs of Apple, Nvidia, OpenAI, Amazon, Tesla, Google, and Dell.
• Trump rejected concerns about slowing the AI race.
• Anthropic CEO Dario Amodei urged AI companies to slow advanced-model development and expand international cooperation on safety.
• The US-China trade truce is set to expire on November 10, with analysts expecting an extension rather than a sweeping deal.
• The November Busan truce capped US tariffs on Chinese goods at about 20 percent after tit-for-tat escalation.
• Bessent called the talks 'very successful' and said Washington proposed a notification mechanism between the two countries.
• Bessent said the two sides agreed to meet again, though he gave no details.
• Trade Representative Jamieson Greer said the meeting would pave the way for a successful Trump-Xi summit on Thursday.
• The two sides agreed to establish a US-China AI dialogue to discuss risks and arrange mutual notification on security threats.