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US-China trade talks set for day two as TikTok deadline looms | US-China trade talks set for day two as TikTok deadline looms |
(32 minutes later) | |
The talks, headed by China He Lifeng and Scott Bessent of the US, started on Sunday | The talks, headed by China He Lifeng and Scott Bessent of the US, started on Sunday |
US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. | US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. |
The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt to end a trade war between the world's two biggest economies. | The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt to end a trade war between the world's two biggest economies. |
Top level trade delegations from Beijing and Washington last met in Sweden in July, where they extended their tariffs truce by another 90 days. | Top level trade delegations from Beijing and Washington last met in Sweden in July, where they extended their tariffs truce by another 90 days. |
After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing app and delayed the ban three times so far. | After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing app and delayed the ban three times so far. |
Speaking to reporters on Sunday, Trump said, "We may let [TikTok] die. Or we may… I don't know. It depends. Up to China, it doesn't matter too much." | Speaking to reporters on Sunday, Trump said, "We may let [TikTok] die. Or we may… I don't know. It depends. Up to China, it doesn't matter too much." |
It came as expectations grow that the deadline, which is due to expire on Wednesday, will be extended for a fourth time. | It came as expectations grow that the deadline, which is due to expire on Wednesday, will be extended for a fourth time. |
Last month, Trump suggested that he would keep extending the deadline until a buyer for TikTok could be found and called national security and privacy concerns related to the app and its Chinese parent company ByteDance "highly overrated". | Last month, Trump suggested that he would keep extending the deadline until a buyer for TikTok could be found and called national security and privacy concerns related to the app and its Chinese parent company ByteDance "highly overrated". |
The BBC has contacted the White House and TikTok for comment. | The BBC has contacted the White House and TikTok for comment. |
The app is one of the world's most widely-used social media platforms, with around 170 million users in the US. | The app is one of the world's most widely-used social media platforms, with around 170 million users in the US. |
During this week's talks, officials are also expected to lay the groundwork for a potential meeting between Trump and Chinese President Xi Jinping as soon as October, when they are scheduled to attend a summit in South Korea. | |
China and the US extended a tariff truce until November, reducing threatened levies that exceeded 100% on each other's goods. | |
The extension gives more time for negotiations about "unfair trade practices" and to address national security issues, the White House said. |