U.S. and China officials discuss AI, trade and rare earths ahead of summit

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are meeting to discuss AI, trade and rare earths ahead of the expected Trump-Xi summit.
The talks cover several major areas of economic competition between the two countries, including technology restrictions, trade relations and access to strategically important minerals.
The meeting represents ongoing negotiations rather than evidence that an agreement has been reached, with any market implications depending on concrete outcomes from the discussions.