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US-China relations
ChinaDiplomacy

US, China set for high-level economic talks in Spain next week; TikTok, trade war on menu

Meeting to focus on ‘key national security, economic and trade issues of mutual interest, including TikTok’, US Treasury Department says

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Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, shakes hands with US Treasury Secretary Scott Bessent prior to the first meeting of the China-U.S. economic and trade consultation mechanism in London, on June 9. Photo: Xinhua
Khushboo Razdanin Washington
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.

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.

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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 upholding the ban, US President Donald Trump has extended the deadline three times by executive order, setting a new cut-off of September 17.
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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.

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