Updated

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in New York for high-level economic talks ahead of an anticipated summit between President Donald Trump and Chinese leader Xi Jinping later this week. The meeting is aimed at setting the stage for the leaders' encounter amid ongoing trade and economic tensions between the two countries. The talks come as Washington and Beijing seek to manage friction over tariffs, technology restrictions and broader strategic competition, with officials on both sides looking to establish groundwork before the Trump-Xi meeting.