Officials from the United States and China are scheduled to convene in Madrid on Sunday for their fourth round of bilateral talks. These discussions aim to extend a temporary truce related to U.S. tariffs on Chinese imports, which is set to expire in November. The meeting follows a period where a trade dispute previously impacted the global economy, with relations subsequently stabilized through a series of temporary agreements.
Treasury Secretary Scott Bessent will lead the U.S. delegation, while Vice Premier He Lifeng will head China’s representatives. According to the U.S. Treasury Department, the agenda encompasses “national security, economic and trade issues of mutual interest, including TikTok and cooperating on money-laundering networks.” China’s state media agency, Xinhua, reported the focus would be on “economic and trade issues including the U.S. unilateral tariff measures, the abuse of export controls and TikTok.”
The negotiations take place amid ongoing economic considerations, including elevated inflation, which U.S. tariffs have been noted to contribute to. The Federal Reserve is also anticipated to implement an interest rate cut this week, a measure generally intended to encourage economic growth.
Source: www.nytimes.com