US and China Hold Talks on Trade and AI Ahead of Summit

The United States and China held economic and trade talks ahead of a planned summit between President Donald Trump and President Xi Jinping, according to Treasury Secretary Scott Bessent. The two sides agreed to hold further AI safety discussions in Shenzhen in two months and to open a communication channel on AI national security threats. Trade negotiator Jamieson Greer said the countries will continue talks on extending their trade truce, but they failed to reach an agreement on the extension. Pharmaceutical companies are urging the Trump administration to protect their China deals. Trump said China is opening up, while American business leaders disagree.