Negotiators are addressing tariffs, rare-earth supplies, American exports and possible artificial-intelligence safeguards.
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng opened a new round of economic talks in New York on Sunday ahead of a planned summit between President Trump and Chinese President Xi Jinping.
U.S. Trade Representative Jamieson Greer joined the discussions, which are expected to cover tariffs, Chinese rare-earth exports, American agricultural sales and a possible Chinese purchase of approximately 200 Boeing aircraft.
The two governments are also discussing possible safeguards for advanced artificial intelligence, according to Reuters. China controls much of the global processing capacity for rare-earth minerals used in electronics, energy systems and military equipment, making the issue central to the negotiations.
The talks come before a November 10 deadline for the current tariff truce. Neither side had announced an agreement as the meetings began, and analysts cited by Reuters expected limited confidence-building measures rather than a comprehensive settlement.
The negotiations carry direct implications for American manufacturers, farmers and consumers already navigating higher borrowing costs. Read THRIVE!’s report on the Federal Reserve’s latest rate increase.
