- A meeting was held on July 1, 2026, involving the US-China Board of Trade and Board of Investment to establish strategic stability and handle future trade issues.
- Trade and investment boards are underway to discuss U.S.-China economic relations, with China agreeing to roll back export controls on critical minerals.
- Xi Jinping is scheduled to meet in Beijing as Beijing and Washington spar over trade, while Bessent and Greer meet with Chinese officials.
- Trump hosts Xi for trade and AI talks while Greer and Bessent meet with Chinese officials in New York.
US and China Discuss AI Safety and Pharma Investment Rules
What happened
Scott Bessent and He Lifeng concluded talks in New York on September 21, 2026, covering AI safety and US rules on pharmaceutical investments in China. The discussions included a US proposal for a new AI safety notification mechanism ahead of the Trump-Xi summit. Following the report that the United States is working on these rules, healthcare stocks rose more than 3%.
From indiatimes.com
Why it matters
Healthcare stocks rose after the report that the United States is developing rules for pharmaceutical companies' investments in China. These proposed rules are reported to allow companies to continue most licensing agreements involving Chinese drugs. The talks also addressed a US proposal for a new AI safety notification mechanism.
The larger situation involves Donald Trump hosting Xi Jinping for trade and AI talks, while Scott Bessent and Jamieson Greer meet with Chinese officials in New York.
From indiatimes.com
Who's involved
- Scott BessentUnited States Secretary of the Treasury who held talks with Chinese officials
- He LifengVice Premier of the People's Republic of China who held talks with Scott Bessent
- Jamieson GreerUnited States Trade Representative involved in high-level bilateral negotiations
- Donald TrumpPresident of the United States scheduled to meet Xi Jinping
How it developed
Newest first. Tap a step to see who reported it.- US President Donald Trump and Chinese Vice Premier He Lifeng discussed trade and AI cooperation on September 1, 2026.Sub-event
- High-level talks were held in Manhattan between Scott Bessent and He Lifeng to discuss AI security risks and establish a bilateral framework between the US and China.Sub-event
- Scott Bessent discussed AI incident liability with management and a Chinese counterpart during high-level talks regarding AI safety.Sub-event
US Treasury Secretary and Vice Premier held talks covering AI safety and US pharma investment rules.1 source
Keep exploring
Part of
Trump hosts Xi for trade and AI talks while Greer and Bessent meet with Chinese officials in New York.Also in this story
- Jamieson Greer provides updates on ongoing trade talks with Xi Jinping.
- Trump, Xi, Bessent, and He Lifeng agreed to discuss AI to find common ground during recent high-level talks.
- Donald Trump, Scott Bessent, He Lifeng, and Jamieson Greer discussed AI development, notification mechanisms, and operationalizing tariff reduction.
The entities involved
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Scott Bessent
United States Secretary of the Treasury
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He Lifeng
Vice Premier of the People's Republic of China
Related events
- US officials held discussions with Chinese Vice Premier He Lifeng regarding AI security.
- The Trump administration is discussing AI liability limits, with key figures like Donald Trump, Scott Bessent, Dario Amodei, and Sam Altman supporting calls for AI development to pace.
- Trump hosted talks covering AI, Taiwan, and tariffs, while confirming the continuation of the US-China trade truce.
- Donald Trump and Scott Bessent discussed the contributions of the AI industry within the administration.
- High-level talks regarding trade, AI, and geopolitical issues are underway, with market analysts commenting on yuan strength and policy.