The U.S. and China have formalized a joint "board of trade" that will also host a new AI dialogue, a move that follows the May 2024 meeting between Trump and Xi.
Treasury Secretary Scott Bessent said the mechanism will include a notification system for AI incidents that could threaten national security, citing a need for transparency between the world’s two AI powerhouses.
The one‑year trade truce that paused export controls and rare‑earth restrictions is now under debate. Washington seeks a six‑month extension, while Beijing pushes for the truce to run until the end of Trump’s second term.
Trump will welcome Xi at Joint Base Andrews on Wednesday, with a summit Thursday. A California‑based electronics firm, waiting on rare‑earth shipments, says it hopes the talks will lift the blockade. The summit will decide the trade truce extension and negotiate AI policy.