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Bessent, China Trade Negotiator to Meet in Madrid: Reuters
- From September 12 to 18, U.S. Treasury Secretary Scott Bessent will hold discussions in Madrid with Vice Premier He Lifeng of China and other high-ranking officials to address issues related to trade, the economy, and national security.
- This meeting follows previous discussions that extended a 90-day tariff suspension authorized by President Trump in August, aiming to preserve the trade truce despite ongoing disagreements over tariffs and agricultural issues.
- The discussions will focus on enhancing cooperation to address money laundering, the future of TikTok amid U.S. ownership requirements, and concerns regarding illegal financial activities linked to Russia’s conflict in Ukraine.
- President Trump extended TikTok’s divestment deadline to September 17, while U.S. tariffs on Chinese goods remain around 55%, impacting farm exports as China shifts purchases to South America.
- Although the meeting aims to sustain trade peace, it remains uncertain whether it will yield progress on agricultural sales or tariff reductions amid ongoing disagreements.
51 Articles
51 Articles
Bessent will meet Chinese officials in Spain for trade and TikTok talks
WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent will travel to Madrid this weekend for negotiations with his Chinese counterparts over tariffs and national security issues related to the ownership of social media platform TikTok. Bessent is slated to meet Chinese Vice Premier He Lifeng in Madrid to discuss national security and economic issues, a Treasury news release states. This will be the fourth round of discussions between U.S. and …
The United States and China will send to Madrid commercial delegations to try to resolve their tariff dispute, as confirmed this Friday. The Spanish capital will be, thus, the place chosen for a high-level meeting in which the U.S. Secretary of State, Scott Bessent, and Vice Prime Minister He Lifeng will participate.
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