US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are leading their respective delegations in discussions covering economic matters and the TikTok controversy.
Trade relations between Washington and Beijing have experienced significant volatility throughout 2025, marked by reciprocal tariff increases from both sides.
Both nations subsequently agreed to reduce tensions by temporarily lowering tariffs to 30% for the United States and 10% for China.
The TikTok dispute features prominently on the meeting agenda, with the September 17 deadline approaching for the app to find a non-Chinese buyer or face a US ban.
US President Donald Trump has extended the TikTok deadline for the third time, postponing the implementation of a federal law requiring the app’s sale or ban.
The talks are being held at the Palacio de Santa Cruz, which serves as the Spanish Ministry of Foreign Affairs headquarters. – AFP
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