Scott Bessent and He Lifeng to Meet at JPMorgan Headquarters in New York
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US Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng on Sunday at JPMorgan Chase headquarters in New York to discuss AI security, trade, and economic issues.
The meeting is scheduled for 10.30 am ET, days before President Donald Trump hosts Chinese President Xi Jinping at the White House in Washington on Thursday and Friday.
Manhattan Venue and Security Logistics
JPMorgan agreed to host the meeting at its Manhattan tower. Officials picked the private corporate site over government facilities due to United Nations General Assembly security across New York, according to a person familiar with the arrangements.
Bank executives will not join the talks. Bessent previously invited JPMorgan Chief Executive Officer Jamie Dimon to address private sector growth at a G20 finance leaders meeting in Asheville, North Carolina.
Trade Policy and Technology Security
The agenda spans AI security controls, trade flows, and cross-border financial relations. For supply chain planners, electronics makers, and consumer brands across Asia, these sessions establish the framework for tech restrictions and tariffs.
Shifts in export controls or market access alter operational risk for multinational firms manufacturing in Greater China. Sourcing costs, component logistics, and capital flows across Asia-Pacific depend directly on these US-China discussions.
Previous Bilateral Engagements
Bessent and He previously negotiated trade on March 16, 2026, at the Organisation for Economic Co-operation and Development headquarters in Paris. Sunday’s meeting prepares the ground for the leaders’ summit.
White House aides invited Dimon to attend next week’s state dinner for Xi in Washington. Dimon skipped the corporate delegation that accompanied Trump to Beijing during his meeting with Xi in May.
The White House Summit Ahead
Trump hosts Xi at the White House on Thursday and Friday. Sunday’s economic session will define the specific trade and technology files presented to both heads of state during those Washington meetings.
Questions & Answers
Q.Why is the meeting between Scott Bessent and He Lifeng being held at JPMorgan Chase headquarters instead of a government facility?
Why is the meeting between Scott Bessent and He Lifeng being held at JPMorgan Chase headquarters instead of a government facility?
Officials selected the private corporate site over government facilities due to ongoing United Nations General Assembly security arrangements across New York. This choice was made by those familiar with the meeting's logistics to ensure appropriate security for the event.
Q.What are the main topics on the agenda for the discussions between the US Treasury Secretary and the Chinese Vice Premier?
What are the main topics on the agenda for the discussions between the US Treasury Secretary and the Chinese Vice Premier?
The agenda for the meeting includes AI security controls, the current trade flows between the two nations, and broader cross-border financial relations. These discussions are expected to establish frameworks for future tech restrictions and tariffs.
Q.How might the outcomes of these discussions impact multinational firms operating in Greater China?
How might the outcomes of these discussions impact multinational firms operating in Greater China?
Shifts in export controls or changes to market access arising from these discussions will directly alter the operational risk for multinational firms manufacturing in Greater China. Sourcing costs, component logistics, and capital flows across Asia-Pacific are also dependent on these US-China discussions.
Q.Has Treasury Secretary Bessent met with Vice Premier He Lifeng before this upcoming meeting?
Has Treasury Secretary Bessent met with Vice Premier He Lifeng before this upcoming meeting?
Yes, Bessent and He previously met and negotiated trade matters on March 16, 2026, at the Organisation for Economic Co-operation and Development headquarters in Paris. This upcoming meeting will prepare for the leaders' summit.
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