MADRID, Spain: China and the United States started the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump’s promised hefty tariffs.
The Chinese delegation is in the Spanish capital until Wednesday, and senior officials, including Vice Premier He Lifeng, will meet with the US delegation led by Treasury Secretary Scott Bessent.
The Spanish government said Sunday’s talks got underway at the Palacio de Santa Cruz, the headquarters of the Ministry of Foreign Affairs.
Trade tensions between Beijing and Washington have been on a rollercoaster ride in 2025, with both sides slapping escalating tariffs on each other.
Tit-for-tat US-China tariffs reached triple digits on both sides at one point this year, snarling supply chains.
Washington and Beijing have since reached an agreement to de-escalate tensions, temporarily lowering tariffs to 30 percent on the United States’ side and 10 percent on China’s part.
In August, they delayed the threatened reimposition of higher tariffs on each other’s exports for another 90 days — meaning the pause on steeper duties will be in place until November 10.
“The Chinese and US delegations convened here on Sunday for talks on economic and trade issues,” China’s official Xinhua news agency reported.
Top leaders from both countries will also discuss their dispute over the TikTok social media platform during the meetings in Madrid, the AFP news agency reported.
China urged the United States on Friday to address their dispute through dialogue.
The deadline for the popular app to find a non-Chinese buyer or be banned in the United States is September 17, after Trump extended it for the third time.
A federal law requiring TikTok’s sale or ban on national security grounds was due to take effect the day before Trump’s January inauguration.
Beijing’s commerce ministry called on Washington on Friday to “work with China on the basis of mutual respect and equal consultations, to resolve each other’s concerns through dialogue and find a solution to the problem”, according to a statement.
US-China Trade Truce
China launched two investigations into the US semiconductor sector on Saturday.
Beijing opened an anti-dumping probe into some IC chips originating from the US, its commerce ministry said in a statement.
The ministry also said in a separate statement it will launch an investigation into whether the United States had discriminated against the Chinese chip sector.
China is the world’s leading producer of rare earths, used to make magnets essential to the automotive, electronics and defence industries.
Top diplomats and defence chiefs from both nations held back-to-back discussions on Wednesday, which analysts said could mark a step towards a meeting between Trump and Chinese leader Xi Jinping, according to AFP.
Trump said in August he expects to visit China this year or shortly afterwards, noting that economic ties between the two countries have improved.
