U.S. and Chinese officials advanced consensus on artificial intelligence, investment, and trade during a second day of economic talks in New York. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng agreed to establish a "U.S.-China AI Dialogue" mechanism aimed at building consensus on the opportunities and risks associated with artificial intelligence development.
With the current trade truce set to expire in November, U.S. Trade Representative Jamieson Greer indicated both sides may extend the agreement by three to six months, though specific terms remain under negotiation. Chinese Vice Finance Minister Liao Min stated the latest discussions focused on implementing matters previously agreed upon by chief negotiators from both nations.
U.S. and China Establish AI Dialogue Mechanism, Eye Trade Truce Extension
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