00:00Jeffrey Sachs is public policy analyst and former senior UN advisor.
00:06I think it's important because it's important that these two giant economies keep an even keel
00:14and not revert to a direct open clash, but somehow keep this rather fragile truce that is underway.
00:24You mentioned the truce, that trade truce is up for renewal in November.
00:30What would each side be pushing for?
00:34We know that the relationship is absolutely fraught.
00:39There is a lot of real competition underway, a difference in geopolitics to be sure,
00:48but the United States really wants to keep a steady supply coming from China of rare earth magnets
00:57and other rare earth products and basic commodities.
01:03China wants no breakdown in relations in many sectors, including in technology.
01:11It certainly does not accept in any way threats of American sanctions
01:18if the U.S. attempted to sanction Chinese enterprises for trade with Iran or Russia or other U.S. policies.
01:29So there are interests on both sides.
01:32They want to keep away from a tariff re-escalation.
01:37So I think this is really the agenda.
01:41You mentioned rare earths, you've mentioned technology.
01:44Well, what about things like agricultural products?
01:46Are there any other big ticket items, if you like, that are going to be high on the agenda?
01:52I suppose that Trump wants an announcement that China is going to be buying more Boeings,
01:59that it's going to be buying agricultural products.
02:02After all, this meeting is taking place, this summit is taking place just within a few weeks of a very
02:10important midterm election.
02:12So I suppose that Trump has on his mind some kind of an announcement of big numbers that China is
02:21going to purchase from U.S. farmers and U.S. manufacturing.
02:27There's a lot of balancing, not a grand bargain or great breakthroughs, but keeping a fragile truce that both sides
02:39can say,
02:39OK, this is not bad given all the rest of the challenges that this relationship faces.
02:47Geoffrey, AI safety has moved right up the global agenda.
02:51When it comes to writing the rules for AI safety, who do you think should have a say?
02:57Today there will be a U.N. Security Council meeting.
03:00This is unprecedented.
03:03Leaders of big tech will be coming to the U.N. Security Council.
03:07This is historic and notable because it is correct that these issues of AI safety are worldwide.
03:18They involve all of humanity.
03:21They are not the purview of two or three U.S. companies.
03:25They're not even the purview of the G2.
03:27This involves the entire world and the involvement of the Security Council today, I think, is a major step towards
03:36forging some global governance.
03:38We needed to forge global governance over nuclear issues in the atomic age.
03:44It took a while.
03:46The situation was fraught.
03:47We face huge, huge challenges and dangers with AI.
03:53And this also will go to the global level through the Security Council and, I believe, through treaties in the
04:00future.
