The US Finance Minister Scott Bessent arrives to continue discussions about trade, economic and national security issues in Madrid in Madrid on September 14, 2025 to meet Spanish Foreign Minister Jose Manuel alarm.
Ana Beltran | Reuters
US and Chinese trade negotiations have been completed In Spain on Monday, after two days of talks over several embroidery points, that are range from tariff rates, export controls and the upcoming deadline for a sale of the Chinese Tikok.
The talks about trade were overshadowed by a “framework” contract for the social media platform, which was announced by the finance minister Scott Bessent on Monday.
“It is between two private parties, but the commercial conditions have been agreed,” he said of US China talks in Madrid. Both President Donald Trump and Chinese President Xi Jinping will speak on Friday to discuss the conditions.
The news occurs on Wednesday to either sell Tikok’s US business or close the country’s social media app.
Bessent headed the negotiations together with the sales representative Jamieson Greer on the United States, with the Chinese being represented by Vice Premier He Lifeng and Top Trade negotiator.
However, there were no significant developments in gender discussions, with Greer spoke that conversations about “such things were” shifted “into another time. “We focused very much on Tiktok,” he added.
The meetings in Madrid mark the fourth round of bilateral sessions in four months after both sides had reached an agreement in May to pause the most steep tariffs and to go back some of their mutual restrictions. A trip to Washington by the Chinese Senior Trade negotiator Li Chengang last month led to low progress.
The tensions between the countries have increased in the past few days. At the weekend, China started two examinations that aimed at the US neckline industry, including an anti-dumping probe that refers to certain American analog IC chips, as well as an anti-discrimination examination in the USA against the Chinese chip sector.
The investigation was started after the United States was added to 23 other companies in China last Friday.
On Monday, the Chinese market regulator stated that a preliminary investigation was determined Nvidia Violation of the country’s anti-national laws and added that another examination of the US chip giant was carried out.
After the end of the talks on Monday, Bessent described the announcement of Nvidia examinations as “bad timing”.
Nvidia has become “a leverage for both sides”, whereby the extended probe “was clearly part of the Beijing negotiation tactic to show its hard side to Washington,” said George Chen, partner of digital practice at Business Advisory The Asia Group.
The barns that were exchanged in front of the Madrid -Relprochement were “not encouraging,” said Wendy Cutler, a former American sales representative and head of the Policy Institute in Washington in Asia Society, and added that China would “make a tough bargain” in Trump’s second mandate and probably demands compensation for the request of these new measures.
Cutler pointed out that Beijing had managed to get Washington to remove certain controls for exports from technical devices to China after exorting critical minerals and magnets to the USA
“With this approach, [it’s] It is difficult to see how the bilateral economic relationship improves. Rather like racing [a] Still silently, “said Cutler.
Irrespective of this, the Chinese Ministry of Commerce pushed back in a declaration against Trump’s application for the European Union to impose secondary tariffs of up to 100% on the country’s purchases in Russian oil.
This was “a classic act of one -sided bullying and economic compulsion” and “a serious violation of the consensus”, said a call between Trump and XI at the beginning of this year, said a spokesman for the ministry in the explanation, and promised to take “a necessary measure” to defend Beijing’s legitimate interests.
The officials also expected to discuss details of a potential personal meeting between Trump and his Chinese counterpart Xi Jinping later this year. The Wall Street Journal reported on Sunday that Beijing has tried in the past two months to convey a visit to Trump in China what the US President’s first state visit would be after a trip in 2017.
– Evelyn Cheng and Samantha -Subin from CNBC contributed to the report.
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