Treasury Secretary Scott Bessent announced that the United States proposed a new "notification mechanism" for artificial intelligence incidents. This system would address events that could affect national security. The proposal was made during weekend discussions with Chinese Vice Premier He Lifeng in New York, preceding talks between President Donald Trump and China’s Xi Jinping.
Bessent stated that the U.S. seeks a shared vision of common goals and threats regarding AI. He emphasized the importance of moving from opacity to greater transparency between the U.S. and China, identified as the top two AI powers globally, concerning cross-border AI activities.
Alongside the AI proposal, Bessent and U.S. Trade Representative Jamieson Greer confirmed that groundwork was laid for the upcoming Trump-Xi talks. They announced the operationalization of a new "Board of Trade," an initiative previously discussed by the two leaders in May. Discussions also included potential lower tariffs on "nonsensitive" items such as consumer goods, agricultural products, energy, and medical devices.
Chinese state media Xinhua reported that Bessent and He Lifeng discussed "issues relating to AI" without providing specific details, and described their economic and trade discussions as "candid, in-depth and constructive." George Chen of The Asia Group noted that the agreement to continue dialogue is significant, and the AI risk notification mechanism sets a precedent for other countries.
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