US and China discuss AI incident notification system ahead of Trump-Xi meeting

Treasury Secretary Scott Bessent said the United States has proposed a 'notification mechanism' allowing the U.S. and China to alert each other about AI incidents that could threaten national security. The proposal emerged from weekend talks between Bessent and Chinese Vice Premier He Lifeng in New York, held ahead of a Thursday meeting between President Trump and Xi Jinping. Officials also said they had agreed to operationalize a new 'Board of Trade' first discussed in May and were exploring tariff reductions on nonsensitive goods like agriculture, energy and medical devices.