US Treasury’s Bessent, China’s He to meet on Today at JPMorgan headquarters
US, China to discuss AI, trade, and rare earths ahead of Trump-Xi summit
US Treasury Secretary Scott Bessent will meet with Vice Premier He Lifeng on Sunday at JPMorgan Chase headquarters in New York to discuss AI security, trade and other economic issues, a person familiar with the planning said on Saturday.
The Manhattan meeting, coming days before President Donald Trump hosts Chinese President Xi Jinping at the White House in Washington on Thursday and Friday, is scheduled for 10:30 a.m. ET on Sunday, the person said.
JPMorgan is not involved in the meeting, the person said, but agreed to provide its headquarters building as a meeting venue amid heightened security in Manhattan for the United Nations General Assembly starting next week.
Bessent had invited JPMorgan CEO Jamie Dimon to participate in a G20 finance leaders meeting hosted by the US Treasury in Asheville, North Carolina, where Dimon spoke about private sector growth prospects.
Dimon is one of the American CEOs invited to a state dinner for Xi next week at the White House, according to US officials, but he did not join a delegation of executives that accompanied Trump to Beijing in May for the US leader’s last meeting with Xi.
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Treasury Secretary Bessent and USTR Greer meet Chinese Vice Premier He Lifeng in New York ahead of the September 24 Trump-Xi summit with rare earths on the agenda
Three converging deadlines—September 24 diplomacy, November 10 tariff truce expiry, and January 1 2027 DFARS NdFeB supply-chain restrictions—are reshaping U.S.-China mineral negotiations
Washington remains dissatisfied with Chinese rare-earth flows, with yttrium exports demonstrating how shipments can become country-specific leverage
The DFARS 2027 restrictions cover the entire NdFeB supply chain from mining through finished magnets for defense procurement
REEx frames the standoff as Great Powers Era 2.0 ecosystem competition where AI, chips, magnets and defense production share the same strategic chessboard
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https://rareearthexchanges.com/news/bessent-he-lifeng-rare-earth-supply-chain/?utm_source=gemini
Posted Sep 20, 2026, 2:33 PM UTC