US, China open high-level talks ahead of Trump-Xi summit

Top economic officials from the US and China have begun talks in New York to prepare for a summit between US President Donald Trump and Chinese President Xi Jinping. The discussions, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, focus on trade, artificial intelligence, and critical minerals. A fragile trade agreement between the two countries is set to expire on November 10, with Washington pressuring Beijing over its supply of rare-earth minerals.