U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng reached an agreement to hold recurring talks on artificial intelligence following a meeting in New York. The U.S. proposed a notification system to alert the other side when AI incidents rise to a national security level to increase transparency between the world's two largest AI powers. U.S. Trade Representative Jamieson Greer stated that the bilateral board of trade has been operationalized, though chip export controls were not part of the agenda.

The engagement provides groundwork for a scheduled summit between President Donald Trump and President Xi Jinping in Washington this week. China Trade Envoy Li Chenggang described the wider trade and investment talks as "not bad," while Bessent called the meetings "very successful." Both sides are refining a board-of-trade agreement that could include Chinese consumer goods and U.S. energy and agricultural products.