Treasury Secretary Scott Bessent told Chinese officials in Washington that the U.S. would be comfortable maintaining the current Busan arrangement or negotiating a more expansive economic agreement. The discussions with Vice Premier He Lifeng serve as final preparation for a summit between President Donald Trump and President Xi Jinping, who visited the U.S. from September 23 to 25 for his first state visit to the White House since 2011.

The two nations are negotiating an extension of a tariff truce that expires November 10, with Washington proposing a six month extension while Beijing seeks a longer term. Parallel to trade, Bessent established a new AI dialogue and a notification system for national security incidents. CEOs from Microsoft, Nvidia and OpenAI will join a White House state dinner for Xi on September 24 as part of the talks.