Developing | US, China set for high-level economic talks in Spain next week

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet in Madrid, Spain, next week, keeping alive high-level talks on trade, security and economic flashpoints, both Washington and Beijing confirmed on Friday.

The talks will run for four days, starting on Sunday, according to China’s Commerce Ministry.

“The two sides will discuss economic and trade issues such as the US’ unilateral tariff measures, the abuse of export controls, and TikTok,” the ministry said in response to media queries.

Last year, the US Congress approved a nationwide ban on TikTok unless its Chinese parent company, ByteDance, sold its controlling stake by January 19.

Despite a Supreme Court ruling against the ban, US president Donald Trump has extended the deadline three times by executive order, setting a new cut-off of 17 September.

02:45

Suspension of US parcel shipments widens ahead of the end of tariff exemptions

Suspension of US parcel shipments widens ahead of the end of tariff exemptions

The US Treasury Department in a statement said that the meetings will focus on “key national security, economic and trade issues of mutual interest”, including Washington’s concerns over TikTok, and potential cooperation on disrupting international money-laundering networks.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Apple delays release of iPhone Air in China due to pending approval of eSIM

Image Credits:Apple Apple is set to release its upcoming iPhone 17 series on September 19 in most countries across the world. However, the eSIM-only iPhone Air’s release is being delayed in China, likely due to regulatory issues around the approval of the embedded SIM. Apple’s website notes that all three Chinese state-owned network providers —

Apple Stock (AAPL) Climbs Despite Delaying Launch of iPhone Air in China

Apple Stock (AAPL) Climbs Despite Delaying Launch of iPhone Air in China

Shares in U.S. tech giant Apple (AAPL) were higher today despite delaying the launch of its new iPhone Air model in mainland China. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The company cited regulatory

Tariffs and TikTok to dominate another round of US-China trade talks

Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet for another round of US-China talks. Both sides are searching for a way forward on a TikTok ban and a November tariff deadline. The meeting in Madrid will cover “trade issues of mutual interest,” including the fate of TikTok in the

US tech giants enabled China’s surveillance of Tibetans and Uyghurs: AP report

US tech giants enabled China’s surveillance of Tibetans and Uyghurs: AP report

Tsering Dhundup DHARAMSHALA, Sep 12: A new investigation has revealed that leading American technology companies played a pivotal role in building China’s surveillance state, supplying billions of dollars’ worth of equipment and software later used in mass repression of Tibetans and Uyghurs. The Associated Press (AP) investigation drew on leaked emails, confidential documents, Chinese-language marketing materials,

What eating bitterness has to do with Chinese food

What eating bitterness has to do with Chinese food

Against a vast wash of sagebrush and volcanic rock in Utah’s West Desert, Chris Merritt, an archaeologist with the State Historic Preservation Office, took me on a tour of the old Transcontinental Railroad’s route through Promontory Summit, from Corinne to Umbria Junction. The line was replaced during World War II by the Lucin Cutoff, which

Apple Postpones Release of New iPhone Air in Mainland China

Apple iPhone Air smartphones. (Bloomberg) — Apple Inc. delayed the launch of its new iPhone Air in mainland China, citing regulatory approval issues. When pre-orders for the new models began on Friday, the company’s China website would not let customers in the region order the new, thinner device. Instead, a message reads: “Release information will

China completes shipbuilding industry consolidation

China completes shipbuilding industry consolidation

Perama Ship Repair Zone Undergoes Upgrade with Acquisition of Additional State-of-the-Art Shipbuilding Cranes China Shipbuilding Industry has complete the effective integration into CSSC Holdings, the publicly traded subsidiary holding company for select China State Shipbuilding Corporation assets. This was a process with origins tracing to at least 2019, which gained substantial momentum last year, according

AUD/USD chart

The Australian Dollar at risk ahead of Chinese data

The Australian Dollar (AUD) traded slightly lower on Friday, below 0.6650 against the US Dollar (USD), losing 0.15% over the session. Caution dominates trading ahead of the weekend as traders await Monday’s release of key Industrial Production and Retail Sales data from China, Australia’s main trading partner. This Forex session is thus marked by contained