U.S.-China officials to hold economic talks in New York

U.S.-China officials to hold economic talks in New York
U.S.-China talks in NY

Senior U.S. and Chinese economic officials are set to meet in New York on Sunday as both sides prepare for a higher-level diplomatic exchange later in the week. The talks are due to cover AI security, trade and other economic issues ahead of President Donald Trump's planned White House meetings with Chinese President Xi Jinping on Thursday and Friday.

Highlights

  • U.S. Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng at JPMorgan Chase headquarters in New York at 10:30 a.m. ET on Sunday to discuss AI security, trade, and economic matters.
  • This Treasury-level meeting gains significance as it occurs days before Trump hosts Xi in Washington, amid broader U.S.-China economic and diplomatic negotiations.
  • JPMorgan is not participating in the talks but is hosting the venue amid heightened Manhattan security ahead of the United Nations General Assembly, with CEO Jamie Dimon invited to a White House state dinner for Xi next week.

New York meeting agenda and timing

As reported by Reuters, U.S. Treasury Secretary Scott Bessent is scheduled to meet Chinese Vice Premier He Lifeng at JPMorgan Chase headquarters in Manhattan at 10:30 a.m. ET on Sunday. A person familiar with the planning says the discussion is set to focus on AI security, trade and other economic matters.

The meeting comes just days before Trump hosts Xi in Washington, giving the Treasury-level talks added significance as both governments manage a broader economic and diplomatic agenda.

Security backdrop and business context

JPMorgan is not involved in the talks, according to the person familiar with the planning, but agreed to provide its headquarters as the venue amid heightened security in Manhattan before next week's United Nations General Assembly.

The meeting also links into wider U.S. corporate engagement around the visit. JPMorgan Chief Executive Jamie Dimon is among the American CEOs invited to a state dinner for Xi at the White House next week, U.S. officials say, although he did not join the executive delegation that accompanied Trump to Beijing in May for the leaders' last meeting.

Our earlier article covered U.S.-China negotiations over a broader trade package ahead of President Xi’s U.S. visit, including the possibility of reducing or removing China’s tariff on American LNG alongside energy and agriculture measures. We explained that the tariff had sharply curtailed U.S. LNG shipments to China and that any easing could matter for U.S. exporters as new capacity comes online, while also signaling a wider effort to stabilize bilateral trade ties before the leaders meet.

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