Scott Bessent from Beijing - 05/14/26 | Audio Only

• US and China are initiating AI safety protocol discussions, with the US asserting its leadership in AI development.
• Oil prices (West Texas Crude) are in backwardation, suggesting expectations of lower future prices, supported by record US energy production.
• China has issued warnings regarding Taiwan, stating that independence is incompatible with peace, amidst discussions of potential US chip sales (Nvidia H200) to Chinese firms.
• Trade relations are complex, with President Trump aiming to open China's economy and reduce the trade deficit, while also exploring new trade and investment boards.

The video discusses US-China relations, focusing on AI cooperation, trade, and geopolitical tensions. Treasury Secretary Scott Bessent highlights the US's leadership in AI and efforts to establish safety protocols with China, while also addressing trade deficits, oil prices, and the broader economic landscape. The conversation touches on the 'Thucydides Trap' and the potential for both cooperation and conflict between the two superpowers.