US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, a senior Treasury official said yesterday, as diplomacy between the world’s two biggest economies intensifies, reports Bloomberg.
A US delegation helmed by Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer and a Chinese group led by Vice Premier He Lifeng met for almost six hours on Sunday and will resume meeting Monday morning, the official said.
Included in the agenda are national security issues and the status of ByteDance Ltd.’s TikTok, which faces a deadline this week to reach a deal to continue operations in the US. Officials also were expected to lay the groundwork for a potential meeting between Donald Trump and Xi Jinping as soon as October, when they’re scheduled to attend a summit in South Korea.