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Bessent, China’s He Begin Sept. 20 Talks to Extend $30B Tariff Truce

By Drooid · Sep 19, 2026, 10:49 PM UTC · How we work

Summary

Story summary

Treasury Secretary Scott Bessent and China Vice-Premier He Lifeng will lead trade talks in New York on Sept 20.
Negotiators aim to preserve a $30 billion tariff truce expiring in November.
Talks will address AI guardrails, open-weight versus closed-weight models, and risk mitigation.
Discussions will include rare-earth permits and critical magnet supplies as bargaining tools.
Talks will cover tariffs on soybeans, energy goods, Chinese AI electronics, and pressure on China’s Iranian oil purchases.

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Story summary

Treasury Secretary Scott Bessent and China Vice-Premier He Lifeng will lead trade talks in New York on Sept 20.
Negotiators aim to preserve a $30 billion tariff truce expiring in November.
Talks will address AI guardrails, open-weight versus closed-weight models, and risk mitigation.
Discussions will include rare-earth permits and critical magnet supplies as bargaining tools.
Talks will cover tariffs on soybeans, energy goods, Chinese AI electronics, and pressure on China’s Iranian oil purchases.