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 next week, keeping alive high-level talks on trade, security and economic flashpoints, both Washington and Beijing confirmed on Friday.

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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.

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“China’s position on the TikTok issue is clear and consistent. China is unwavering in its resolve to safeguard the legitimate rights and interests of its companies and will review the TikTok issue in accordance with laws and regulations,” the Chinese Commerce Ministry said on Friday.

South China Morning Post

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