Treasury Secretary Scott Bessent on Sunday said recent talks with Chinese officials went well, a few days before President Trump and Chinese President Xi Jinping meet later this week. “We just had a very successful engagement with the Chinese on trade — the — and AI, completing where we left off in Beijing — we…
The Hill•Tara Suter21 Sept
CoinDesk•James Van Straten21 Sept
A bilateral AI incident notification system could enhance transparency and trust, mitigating risks in US-China tech relations and global AI governance.
CryptoBriefing•Editorial Team21 Sept
Artificial intelligence and more are expected to be big issues at this week’s summit between President Trump and Xi Jinping, China’s top leader.
The New York Times•Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Sri Muppidi and Lauren Hirsch21 Sept
Bessent met over the weekend with his Chinese counterpart, He Lifeng, ahead of a summit between Chinese President Xi Jinping and President Donald Trump.
US Treasury chief Scott Bessent said there had been "successful" talks with China on trade and AI. The talks come amid growing fears that AI could pose an existential threat to humanity.
Deutsche Welle21 Sept
"This can backfire because the market will look at this and say, 'Well, the fact that you need to come out and say and do these things implies that this market has already lost the confidence of investors.'"
Talks between officials in New York come ahead of summit between Donald Trump and Xi Jinping later in the week Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Stock markets in Asia have risen led by technology shares, lifted by optimism around talks between the US and China on trade and artificial intelligence, while oil prices declined. 2030 is not going to be the end of the world. There is 0% chance that’s going to be the end of the world. Scaring people is unnecessary. It is irresponsible. Scott Bessent and Chinese vice premier He Lifeng have already laid the groundwork [for the Trump-Xi meeting] in New York, with trade, investment and artificial intelligence on the table, but this is not a market waiting for a grand bargain. It is waiting to see whether both sides can keep the next trade grenade in the drawer. 9.30am BST: UK S&P Global Consumer sentiment index 1.30pm BST: US Chicago Fed National Activity Index for August 2.10pm BST: IMF managing director Kristalina Georgieva speaks at the IMF Legal Department 80th anniversary conference in Washington Continue reading...
The Guardian•Julia Kollewe21 Sept
The U.S. is proposing a new notification system with China for artificial intelligence incidents that could threaten national security
ABC News21 Sept
Treasury secretary Scott Bessent met his Chinese counterpart He Lifeng in New York
Successful pre-summit talks could stabilize US-China relations, impacting global trade, AI governance, and critical mineral supply chains.
CryptoBriefing•Editorial Team21 Sept
Scott Bessent and He Lifeng meet in New York for US-China talks ahead of the Trump-Xi meeting later this week.
Al Jazeera20 Sept
Scott Bessent and China’s He Lifeng are holding talks on trade, AI and critical minerals ahead of Trump and Xi’s Sept. 24 summit.
Growing reliance on Treasury bills comes as Scott Bessent seeks to curb rise in long-term rates
Welcome to The Adversarial. Every other week, we’ll provide you with expert analysis on America’s greatest challengers: China, Russia, Iran, North Korea, and jihadists. Read more below.***IranU.S. strikes on Iranian soil tapered off in August after frequent exchanges throughout July. The hiatus seems more of an adjustment in tactics to wear down Iran’s finances rather than further degrade its military capability: A combined “one-two punch” of a physical blockade against Iran’s maritime trade and increased sanctions measures, which Treasury Secretary Scott Bessent last week said, “have never been seen in the history of the economic isolation of a country.” Iran will
War on the Rocks•WOTR Staff18 Sept
Every actor with the power to end this war has instead spent September building permanent infrastructure to live around it. The House voted for a third time Tuesday to curb Trump's war powers, passing the latest resolution 220-204, but there is little confidence it will make it through the Senate, and if it does, Trump would likely veto it. The one Gulf-wide diplomatic track aimed at reopening the strait (the Iran-GCC-Iraq meeting scheduled for September 11 in Oman) was postponed, with no new date set. And Treasury Secretary Scott Bessent (the…
The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.
The New York Times•River Akira Davis18 Sept
Bessent opens AI risk talks with China in New York, eight days before Trump hosts Xi in Washington.
BeInCrypto•Lockridge Okoth16 Sept
The BoJ rate decision may carry more potential for the USD/JPY pair on this go-round but there's some clean structure in-place ahead of the Fed meeting, where the bank is widely expected to hike for the first time in three years. The 155.00 level has so far been support all morning, and the prior swing-low turned resistance at 155.50 has been resistance. Below, it's the 153.00 level that's vital especially as we go into later-week trade with that BoJ meeting high on the calendar. If that breaches, larger fears of big picture carry unwind can compel a stronger bearish move. On the long side, carry is still positive but the bigger question is for how long trends might run. After the intervention at 164, bulls started to get more and more bold until eventually we saw the sell-off from 160.00. This can theoretically cap upside it's just that right now the only clear line-in-the-sand is 160 so the bigger question is how Bessent or the BoJ might respond to a 157 or 158, but it does feel risky going for that, at this point, and if that's clear, it can become a more widespread item as we go into some heavy event risk in the second-half of the week. - JS