China-US Economic Ties

China Strains, AI Top of The Agenda at US, EU Summit Talks


Top US and European Union officials meet in Sweden on Tuesday with China and the AI revolution top of their agenda.

Washington and Brussels will be weighing up how best to deal with Beijing as well as looking to cooperate on artificial intelligence and other future technologies, as well as EU complaints about Trump-era tariffs and US green subsidies.

US Secretary of State Antony Blinken and European Commission Vice President Margrethe Vestager will attend the fourth ministerial meeting of the Trade and Technology Council (TTC) for two days in Lulea, just below the Arctic Circle.

US Commerce Secretary Gina Raimondo, Trade Representative Katherine Tai and European Commission vice president and trade chief Valdis Dombrovskis will also take part.


Also on AF: Nikkei, Hang Seng Advance on US Debt Deal Hopes, Japan AI


The smorgasbord of topics, outlined in a 24-page draft joint statement, include cooperation on setting minimum standards for generative AI algorithms, such as ChatGPT, and export controls and investment monitoring, which have so far centred on Russia.

China will be a major focus of the meeting, even if the word “China” only features twice in the draft joint statement – on non-market practices and disinformation.

Diplomats say Washington has pushed for language echoing some of the concerns expressed at the G7 leaders meeting a week ago, which China’s Global Times dubbed an “anti-China workshop”.

The gathering in northern Sweden comes just as the European Commission presents its “Economic Security Strategy”, expected to contain measures to prevent rivals such as China gaining access to its most sensitive technology.


Critical Minerals Discussions

Brussels wants to see cooperation to boost green trade, such as mutual recognition of products, even though the US and EU do not have and do not plan to forge a free-trade agreement.

That has left EU producers excluded from some of the benefits of the United States’ projected $369 billion worth of green subsidies in its Inflation Reduction Act.

The EU is seeking progress with the US towards an accord on critical minerals used for electric vehicles.

It also wants advances towards a “green steel” arrangement tackling overcapacity that is required by the end of October to avert the return of steel and aluminium tariffs imposed by former US President Donald Trump that were suspended in 2021 after he left office.


  • Reuters with additional editing by Sean O’Meara


Read more:

China’s ChatGPT Rival Ernie Bot Dodges Covid, Xi Queries – NYP

South Korea Asks US to Review China Curbs in Chips Act Funding

China Calls on WTO to Review Chip Export Curbs Led by US



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

Recent Posts

China’s 1.4bn People Couldn’t Fill Empty Homes: Ex-Official

A former statistics bureau chief has gone public with his negative view of the country’s…

14 hours ago

Philippines Fury Over ‘Floating Barrier’ in South China Sea

Manila has accused China’s coastguard of installing the barrier in a disputed region, pledging to…

15 hours ago

EU Denies China Decoupling Plan But Admits ‘De-Risk’ Aim

The bloc's trade commissioner, on a four-day trip to China, says the EU must protect…

2 days ago

Toyota to Speed Up EV Production, Sets 600,000 Target For 2025

The Japanese auto giant has lagged behind rivals in the electric vehicle race but is…

2 days ago

Fossil Fuel Phase-Out ‘Unrealistic’, China Climate Chief Warns

Beijing’s special climate envoy, Xie Zhenhua, will tell the COP28 climate meeting new energy sources…

2 days ago

Zoo’s Food Plea Highlights China’s Local Debt Crisis – CNN

China’s provincial governments were forced to spend billions on Xi Jinping’s zero-Covid policy and have…

3 days ago