Bessent meets with Chinese counterpart ahead of Trump-Xi summit

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in New York at the JPMorgan Chase Co. headquarters to discuss trade, AI development, and rare earth minerals. These high-level economic talks serve as the groundwork for the upcoming summit between President Trump and President Xi Jinping, scheduled for Thursday at the White House. The officials addressed pressing matters to prepare for the presidential meeting later this week, focusing on critical economic and technological issues.