US, China to cooperate on managing AI risks: Bessent

Scott. Bessentdelivered keynote remarks at the National Committee on United States-China Relations gala. "Trade must advance the interests of both parties without diminishing the sovereignty of either.

And it is precisely in that spirit that President Trump has approached…pic.twitter.com/u. ExMf. Sol.

Sr— Treasury Department (@USTreasury)November 11, 2026“For decades, the American economy has grown too dependent on foreign supply, while China’s has become increasingly reliant on foreign demand. In other words, the United States must produce more of what we consume, while China must consume more of what it produces,” he added.

“Working together, we can strengthen both of our economies without perpetuating the imbalances between them,” Bessent said. He said the administration’s “renewed emphasis on economic strength does not reflect hostility toward our trading partnerships.”“After decades of imbalance, we are restoring a spirit of reciprocity for the benefit of both our peoples,” he said.

Read more:China, US agree on trade, AI cooperation.

Bessent said the US and China, at Trump’s direction, havebegun a new dialogue on AI“designed to guard against shared risk and prevent misunderstandings between our two systems.”“We also expect to exchange best practices for evaluating and testing advanced models before their release and for keeping human judgement firmly in command of this technology,” he said.

He said the two countries areestablishing a direct channelso that either nation can promptly alert the other to serious incidents involving its AI models. “We should harbour no illusions about the differences between the United States and China,” Bessent said.

“Our interests will not always coincide, and our approach to every challenge likewise will not always converge.”Leaders to meet next week in China. Bessent said he will join Trump in Shenzhen next week for ameeting with Chinese President Xi Jinpingahead of a fourth meeting between the two leaders in Miami.

“President Trump and President Xi agree that the United States and China should build a constructive relationship on the basis of balance and reciprocity,” he said.