Trump and Xi held about 90 minutes of trade and AI talks, with decisions deferred. Treasury Secretary Scott Besson said a two-month trade-truce extension would keep tariffs steady into January; China has not publicly backed an AI notification mechanism.
The truce was due to expire in November. The reported two-month extension would keep current tariff levels and preserve China’s pledges to export rare earth minerals and buy US agricultural goods into January; some in the trade community had hoped for a year-long extension. Trump also has legal authority to impose additional 7.5% duties over Chinese overcapacity, but the reporter said the timing was unclear. China has said it could adjust its rare-earth commitments if talks do not go its way.
Treasury Secretary Scott Besson floated the AI notification idea after preliminary meetings on Sunday; China had not publicly endorsed it. The proposal is about communication rather than regulating AI models, and the reporter said it falls short of a direct government hotline. Both sides said they do not want to rein in AI; another US-China meeting is expected in southeastern China in about two months.
