US Treasury Secretary Bessent to Meet China's Vice Premier He Lifeng in New York

U.S. Treasury Secretary Scott Bessent is scheduled to meet with Chinese Vice Premier He Lifeng on Sunday in New York to discuss key economic issues, a person familiar with the matter said. The high-level dialogue comes just days before a planned summit between President Donald Trump and Chinese President Xi Jinping in Washington.

Details of the Meeting

The meeting is scheduled for 10:30 a.m. ET on Sunday at the Manhattan headquarters of JPMorgan Chase, according to the source. The agenda is expected to cover a range of critical topics, including:

• Artificial intelligence (AI) security
• Bilateral trade relations
• Other pressing economic matters

This discussion serves as a crucial preparatory step for the leaders of the world's two largest economies.

Context for Presidential Summit

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The timing of this meeting is significant, as it precedes President Xi's visit to the White House on the following Thursday and Friday. High-level engagements between senior economic officials often lay the groundwork for negotiations between heads of state, signaling a continued effort to maintain open lines of communication despite ongoing economic friction.

For investors, such dialogues are closely watched for any indication of a shift in policy or a potential de-escalation of tensions that could impact global markets.

Logistical Arrangements

JPMorgan Chase is providing its headquarters as a neutral venue for the talks but is not otherwise involved in the meeting, the person familiar with the planning noted. The choice of a private location is linked to the heightened security measures across Manhattan ahead of the United Nations General Assembly, which begins next week.

JPMorgan CEO Jamie Dimon is among the American business leaders invited to a state dinner for President Xi next week, according to U.S. officials.