US and China meet in Madrid to address TikTok divestment and oil-linked tariff push
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U.S. and Chinese officials met in Madrid on Sunday to deal with three major fights: trade tensions, the deadline to force TikTok out of U.S. hands, and Washington’s campaign to punish China over oil purchases from Russia. The closed-door session took place at Spain’s Palacio de Santa Cruz, with both delegations arriving early that morning. Scott Bessent, U.S. Treasury Secretary, and Jamieson Greer, U.S. Trade Representative, showed up minutes before China’s Vice Premier He Lifeng and Li Chenggang, the country’s top trade negotiator. According to U.S. officials briefed by the Treasury Department, this was the fourth meeting in four months between both teams. The last one was in Stockholm in July, where they agreed to a 90-day trade pause that temporarily stopped some tariffs and resumed rare-earth exports from China to the U.S, as Cryptopolitan reported. That pause is still in effect. President Donald Trump has now extended the current 55% tariffs on Chinese goods until November 10. Trade experts say no one is expecting any breakthrough in Madrid. This round of talks is happening mainly to stop the situation from getting worse. Spain, meanwhile, is using the meeting to show it can host high-stakes diplomacy. Madrid wants to become a central stage for other global disputes, including the Israel-Palestine conflict. TikTok deadline extension likely again ByteDance, the Chinese owner of TikTok, has until September 17 to sell its U.S. operations or face a ban. The U.S. government had already given three extensions. It looks like they’ll hand out a fourth one. A senior official close to the White House said, “a deal is not expected, but the deadline will be extended.” TikTok wasn’t even part of earlier trade discussions in Geneva, London, or Stockholm, but now it’s officially listed on the Treasury’s meeting agenda. The decision to include TikTok…
Filed under: News - @ September 14, 2025 3:24 pm