Treasury Secretary Scott Bessent and Vice Premier He Lifeng met at JPMorgan headquarters in New York to prepare for the upcoming meeting between Donald Trump and Xi Jinping. A Wall Street Journal report indicates the Chinese leader is unlikely to bring a delegation of corporate executives to the Washington summit later this week. The officials discussed artificial intelligence, rare earth minerals, and China's agricultural purchase commitments during the bilateral talks.

Chief executive officers from Microsoft, Nvidia, OpenAI and Apple plan to attend a state dinner for Xi during his first US visit since 2023. These diplomatic efforts precede the November 10 expiration of a $30 billion tariff cut truce established earlier this year. China also recently appointed Li Chenggang as its international trade representative to manage ongoing negotiations.