Bessent calls meeting with China Vice Premier He Lifeng 'successful' ahead of Trump-Xi summit
- ID
- 26580
- Status
- summarized
- Published
- 21 Sep 2026, 8:51 PM
- Fetched
- 21 Sep 2026, 8:53 PM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/09/20/bessent-he-lifeng-trump-xi-summit.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 6.0
- Created
- 21 Sep 2026, 8:55 PM
- Tags
- Audience
- developerssaas_founders
What happened
Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng in New York ahead of a Sept. 24 Trump-Xi summit in Washington. Talks are expected to cover AI, tariffs, rare earths, and other economic issues, with a key U.S. suspension of higher tariffs on Chinese imports set to expire Nov. 10.
Why it matters
If the Nov. 10 tariff suspension lapses without extension, hardware costs for components sourced through China could rise sharply — Malaysian hardware startups and IoT builders should price contingency into BOM assumptions now. AI being on the bilateral agenda signals potential export-control shifts that could affect access to AI chips and tools in the region.
Discussion angle
What a Nov. 10 tariff expiry means for Malaysian hardware sourcing and whether founders should lock in supplier contracts or diversify away from China-dependent components before the deadline.