HE News & Analysis

U.S. Treasury's Bessent, China's He Meet Ahead of Trade Summit

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet on Sunday to discuss agreements on AI, tariffs, and critical minerals prior to a summit between U.S. President Donald Trump and Chinese President Xi Jinping. The meetings at JP Morgan Chase's headquarters are set to start at about 10:30 a.m. (1430 GMT). Key topics include the status of a U.S.-China trade truce expiring on November 10 and discussions involving a $17 billion annual increase in U.S. agricultural purchases by China. These negotiations are important as they may shape future trade relations and tariffs affecting global markets.