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[INTERNATIONAL] · United States, China, Iran, Israel · 11 sources

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Scott Bessent to meet Chinese Vice Premier ahead of Trump-Xi summit

US Treasury Secretary Scott Bessent announced plans to meet with Chinese Vice Premier He Lifeng this weekend, ahead of a scheduled summit between President Donald Trump and President Xi Jinping in Washington on September 24. The discussions are expected to cover critical issues including trade, tariffs, and technological competition, specifically regarding Artificial Intelligence. US authorities have raised concerns about Chinese companies allegedly acquiring American AI capabilities through illegal means.

Beyond trade, the upcoming high-level meetings will address China's financial ties to Iran and the ongoing conflict in the region. In separate economic developments, Bessent defended the administration's economic policies during a House Financial Services Committee hearing, addressing rising 10-year Treasury yields and the need to manage the national deficit. He also defended a proposal to provide a $5,000 dividend to American adults, contingent on Republican control of Congress.

Additionally, reports indicate the US administration is planning a $2.8 billion munitions sale to Israel, which includes thousands of heavy bombs.

Entities

Donald Trump · He Lifeng · Scott Bessent · United States · United States Department of the Treasury · Xi Jinping

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