US and China Reach AI and Trade Agreement Before Xi Jinping's White House Visit

Eight hours of negotiations at JPMorgan Chase's head office in New York produced progress on artificial intelligence and trade between Chinese and US representatives, according to US Treasury Secretary Scott Bessent, who called the engagement "very successful." The talks took place on Sunday, ahead of President Xi Jinping's scheduled visit to the White House later this week. China's Li Chenggang described the atmosphere as "good" and the discussions as "not bad." Li's promotion to a role in international trade was also noted in the source material. The agreement establishes a dialogue on AI between the two governments, a development that carries significance for technology policy and cross-border cooperation in the sector.