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Bessent reveals extension to Busan agreement with China until January

FOX News

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What's the US–China AI 'hotline' that Trump plans to pitch to Xi Jinping?

Al Jazeera

What's the US-China AI'hotline' that Trump plans to pitch to Xi Jinping? Share What's the US-China AI'hotline' that Trump plans to pitch to Xi Jinping? on social media The United States wants a new "notification mechanism" with China to warn each other when an artificial intelligence incident becomes serious enough to threaten national security. The proposal, effectively an "AI hotline", was discussed on Sunday during talks in New York between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, ahead of a summit between US President Donald Trump and Chinese President Xi Jinping in Washington this week. The initiative comes amid an intensifying contest for AI supremacy between the world's top two economies, together with increasing warnings from tech giants that guardrails are necessary around the ever-growing technology. So, what do we know about this so-called hotline, and where is the AI battle between the US and China headed?


US and China Discuss Alerting Each Other to AI National Security Threats

WIRED

Officials discussed setting up a mechanism for the two countries to notify each other of AI incidents which could threaten national security. Talks have begun between US and Chinese officials to propose a mechanism for the two countries to notify each other of artificial intelligence incidents which could threaten national security. The framework, called the US China AI Dialogue, would also see representatives from both countries meet again to discuss the technology and try to align on common goals and threats, Treasury Secretary Scott Bessent said. "We think that, just like with any cross-border activity, that moving from opaque to more transparency between the number one and the number two AI powers in the world is very important," Bessent told reporters on Sunday. Bessent said the discussions picked up from where they had been left off after US President Donald Trump's visit to Beijing in May.


US and China discuss AI safety plan ahead of Trump-Xi summit

BBC News

Image caption, US Treasury Secretary Scott Bessent met China's Vice Premier He Lifeng Top US and Chinese officials have discussed creating a new notification mechanism for AI incidents that could affect national security, Treasury Secretary Scott Bessent told reporters on Sunday. Bessent made the comments after what he called successful talks with Chinese Vice Premier He Lifeng in New York. The meeting came as US President Donald Trump and his Chinese counterpart Xi Jinping are due to hold a summit in Washington later this week. AI has come under intense scrutiny in recent days after researchers warned of the potential risks posed by the technology and some of the industry's most high profile figures called for developers to take a more cautious approach. We think that, just like with any cross-border activity, that moving from opaque to more transparency between the number one and the number two AI powers in the world is very important, Bessent told reporters after the talks.


US, China open high-level talks ahead of Trump-Xi summit

Al Jazeera

Top economic officials from China and the United States have begun talks in New York City aimed at clearing the way for possible agreements on trade, artificial intelligence and critical minerals ahead of a meeting between US President Donald Trump and Chinese President Xi Jinping later this week. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng began talks at JPMorgan Chase's Manhattan headquarters on Sunday morning, with US Trade Representative Jamieson Greer also taking part. "I'm looking forward to having focused, fulsome and constructive talks today that will set the stage for our leaders' meeting," Bessent told reporters as he arrived. At the top of the agenda is a fragile US-China trade truce due to expire on November 10. The agreement, reached in Busan, South Korea, last November, capped US tariffs on Chinese goods at about 20 percent after a tit-for-tat trade fight briefly pushed tariffs into the triple digits.


Bessent defends Trump economic policies, reveals plans to meet Chinese official

The Japan Times

U.S. Treasury Secretary Scott Bessent speaks during a House Financial Services Committee hearing in Washington on Tuesday. WASHINGTON - U.S. Treasury Secretary Scott Bessent defended a range of Trump administration economic policies before lawmakers on Tuesday, from currency and bond market interventions to AI safety, disclosing plans to meet with his Chinese counterpart this weekend. Bessent told a hearing of the House Financial Services Committee that U.S. President Donald Trump and Chinese President Xi Jinping would continue discussions next week on Iran and China's financial links to Tehran. Washington has been seeking to shut Iran out of Western financial systems as the Iran war stretches into its seventh month. The hearing was nominally on the international finance system, including reforms to the International Monetary Fund and World Bank, but lawmakers peppered Bessent with questions about more pressing issues, such as the state of financial markets and the economy, and the administration's financial measures against Iran.


Trump's Economic D-Day can hammer Iran, but will Tehran ever surrender?

FOX News

Scott Bessent called his maximum pressure Iran sanctions campaign an 'Economic D-Day.' But D-Day was not victory — it began the final campaign toward one.


Iran Vows Retaliation After U.S. Widens 'Economic D-Day' Sanctions

TIME - Tech

Iran has pledged to retaliate after the U.S. unveiled a sweeping set of sanctions as part of ‘Economic D-Day,’ in an attempt to isolate Tehran and curb its access to the global financial system.


Iranian Rial Hits Record Low as the U.S. Unveils New Sanctions

TIME - Tech

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This Is Donald Trump's AI Brain Trust

WIRED

This Is Donald Trump's AI Brain Trust "It's not an argument with two sides, it's an argument with 10 sides," one senior administration official tells WIRED about how US AI policy is being shaped. As China's open-weight AI models become increasingly powerful, the Trump administration is relying on a small group of officials to decide whether and what restrictions should be imposed. The group is scattered across several departments and agencies in Washington--and they all have differing views on the best way to keep the US ahead in the race against China. "It's not an argument with two sides, it's an argument with ten sides," one senior White House official tells WIRED about the state of affairs. With little interagency coordination in the administration, policy will almost certainly end up being set by the people with the most influence with the president.