The United States has proposed creating a new system to notify each other about artificial intelligence incidents that could pose national security risks, US Treasury Secretary Scott Bessent said Sunday.

The proposal was discussed during weekend talks between Bessent and Chinese Vice Premier He Lifeng in New York, ahead of a planned meeting between US President Donald Trump and Chinese President Xi Jinping at the White House this week.

“We want a shared vision of common goals and common threats,” Bessent told reporters after the talks.

He said greater transparency between the world’s two leading AI powers was important, particularly as AI-related activities increasingly cross national borders.

Trump has opposed calls to slow AI development, arguing that doing so could allow China to narrow the gap with US companies.

Bessent and US Trade Representative Jamieson Greer said the weekend talks helped prepare the way for Thursday’s meeting between Trump and Xi.

Greer said the two sides had also agreed to put into operation a new “Board of Trade,” an idea discussed by the two leaders during their meeting in Beijing in May.

The countries are still discussing which “nonsensitive” goods could qualify for lower tariffs, Greer said. The list could include consumer and agricultural products, energy goods and medical devices.

China’s state-run Xinhua news agency said Bessent and He discussed issues related to AI and held “candid, in-depth and constructive” talks on major economic and trade matters.

George Chen, a partner and chair of digital practice at The Asia Group, said the agreement to continue discussions was significant. He said the proposed AI risk notification system could provide a model for other countries.