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Trump, Xi Meet on AI Guardrails, Chip Export Concerns

5/15/2026

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Story summary
  • U.S. President Donald Trump and President Xi Jinping met in Beijing to discuss AI guardrails and confirm H200 licenses pending.
  • Treasury Secretary Scott Bessent said U.S. AI lead lets it negotiate protocols with China at summit.
  • White House officials said an AI channel could be opened, format undecided.
  • Senate Majority Leader Chuck Schumer warned selling chips could erode AI advantage as Chinese officials said China prefers to develop chips.
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