- The U.S. and China agreed to exempt "nonsensitive" goods from future tariff actions, the first concrete tariff-relief mechanism from the current round of talks.
- The two sides will set up a formal channel to discuss artificial intelligence, opening a government-to-government track on AI policy.
- Treasury Secretary Scott Bessent, speaking to reporters after meeting China's Vice Premier He Lifeng, described the session as "very successful" and said it lays the final groundwork for a Trump-Xi summit this week.
- Bessent made the remarks at JPMorgan Chase's headquarters in New York on Sept. 20, per the report.
Quotes
“The U.S. and China have agreed to carve out "nonsensitive" goods from future tariff actions and set up a formal channel to discuss artificial intelligence”
“Bessent calls meeting to lay groundwork for Trump-Xi summit 'very successful”