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

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

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

12 September 2025

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

12 September 2025

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

12 September 2025

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

12 September 2025

A Driving Force in Global Governance

BEIJING, Sept. 12, 2025 /PRNewswire/ — A news report from China.org.cn on the South-South Cooperation Day: As UN Secretary-General António Guterres put it, the world can’t achieve the 2030 Agenda without the energy, ideas, and leadership of the (Global) South. The Shanghai Cooperation Organization (SCO) Tianjin Summit is a living testimony to this point. During the

12 September 2025

A map shows the countries and their claims around the South China Sea, marked in coloured lines.

China announces new nature reserve on contested Scarborough Shoal

A disputed shoal in the middle of a contested, strategic area Beijing has been eyeing off for years has been announced as the site of a new nature reserve by China. The Philippines has reacted strongly to plans for the reserve in what is internationally recognised as its exclusive economic zone in the South China

12 September 2025

US Says Hidden Radios Found in Solar Highway Tech From China

Officials in the US have warned that solar-powered highway infrastructure from China should be scanned for hidden radios and other rogue devices secretly installed in batteries and inverters. The advisory, sent out in late August by the US Federal Highway Administration, comes amid escalating government action over the presence of Chinese technology in America’s

12 September 2025

US-China: Bessent to Talk Trade With Chinese Officials in Madrid

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins. On today’s show, Asian stocks close

12 September 2025

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

Related Article