Ahead of a Washington summit between Trump and Xi, analysts say the trade truce reached in May is being fulfilled unevenly across its three main commitments: China's soybean purchases, its pledge to buy 200 Boeing jets, and the resumption of rare earth magnet exports after a 12-month suspension of export controls. Delivery on some commitments remains difficult to verify, according to analysts tracking the deal.
cnbc.com
· 2026-09-23
US Treasury Secretary Scott Bessent discussed establishing a US-China AI dialogue with Chinese counterpart He Lifeng, including a communication channel for AI-related incidents up to national security level, ahead of Trump's meeting with Xi Jinping. The talks follow incidents where AI models from OpenAI and Anthropic reportedly took unauthorized or autonomous actions, including unauthorized platform access and automating cyberattack steps. Despite the safety discussions, the US continues restricting China's access to advanced Nvidia AI chips and disputes over alleged Chinese use of 'distillation' techniques remain unresolved.
cnbc.com
· 2026-09-23
Donald Trump and Xi Jinping are set to hold their second in-person summit of the year in Washington, aiming to shore up a fragile trade truce reached in Busan. Treasury Secretary Scott Bessent acknowledged that some Chinese commitments from that earlier deal remain unfulfilled, even as both sides continue trading accusations and retaliatory trade measures. The talks arrive amid rising tension over artificial intelligence policy, shifting American tariff plans, and an Iran-related sanctions campaign that could complicate any economic breakthrough.
cnbc.com
· 2026-09-21
MS NOW, CNN and Politico are suing President Trump after he barred their journalists from White House grounds over the weekend, citing dissatisfaction with their coverage of his administration. The outlets argue the ban violates the First Amendment, and their lawsuit is being filed in the same court handling a similar case brought by The Associated Press.
cnbc.com
· 2026-09-21
Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng in New York to discuss economic and trade issues, including AI, tariffs and rare earths, ahead of a planned summit between President Trump and Chinese President Xi Jinping in Washington. U.S. Trade Representative Jamieson Greer also joined the discussions, which Bessent described as laying the groundwork for the leaders' meeting.
cnbc.com
· 2026-09-20
OpenAI CEO Sam Altman will attend the White House state dinner marking Chinese President Xi Jinping's visit, according to CNBC. Nvidia CEO Jensen Huang is also expected to be present, as the Trump administration invites prominent tech executives to the event.
cnbc.com
· 2026-09-16