Xi Jinping spent about three and a half hours at the White House and roughly ninety minutes of it on policy. What came out is a two-month extension of the trade truce, pushing the deadline to January 10 and holding tariff rates and China’s rare earth commitments where they are. On AI, Treasury Secretary Scott Bessent floated a notification mechanism on Sunday that others have called a hotline. Ben Werschkul explains why China has not publicly agreed to it, and why it looks nothing like the Cold War hotlines it is being compared to.
Featuring:
Ben Werschkul, Washington Correspondent, Yahoo Finance
Timestamps
0:00 What actually got discussed at the White House
0:25 Three and a half hours, and about ninety minutes of policy
0:43 A two-month extension, and what it freezes
1:06 “Both sides are clear that they don’t want to rein in AI”
1:38 The AI notification mechanism Bessent floated on Sunday
1:53 China has not publicly gotten on board
2:23 Why it falls short of a Cold War hotline
2:40 Another US-China meeting in about two months
3:14 A week that produced deadlines rather than deals
3:43 The trade community wanted a year and got two months
4:07 The 7.5% duties Trump has ready and the authority to use
4:29 A larger deal, and the new January 10 deadline
#USChina #Tariffs #Trump #Xi #AI #YahooFinance
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