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U.S. and China end first day of talks in Spain on trade and TikTok deadline
U.S. and Chinese officials wrapped up the first day of trade talks in Madrid, addressing strained trade relations, a TikTok divestiture deadline, and U.S. calls for tariffs on Chinese imports due to Russian oil purchases. U.S. Treasury Secretary Scott Bessent confirmed discussions will resume the next day.
Key points
- U.S. and China held trade talks in Madrid.
- Main topics included trade ties and the TikTok deadline.
- Washington demands allies impose tariffs on Chinese imports over Russian oil.
- U.S. delegation led by Treasury Secretary Scott Bessent; Chinese delegation by Vice Premier He Lifeng.
- Talks lasted about six hours.
Why it matters
- These discussions reflect ongoing U.S.-China trade tensions, exacerbated by geopolitical issues.
- The TikTok deadline is part of broader concerns about technology and data security.
- Tariffs related to Russian oil demonstrate the intersection of trade policy and global energy politics.
The talks in Madrid signify the ongoing complexities in U.S.-China relations, particularly in trade and technology sectors, as both countries strive to navigate significant geopolitical challenges.