US, China Hold Trade Talks in Madrid; Bessent Says Close to TikTok Deal | Firstpost America

September 15, 2025, 11:27 PM ISTFirstpost America by Eric Ham

US and Chinese officials held trade talks for the second day in Spain on Monday as the deadline looms for the Chinese owner of TikTok to find a buyer or face a ban in America. The talks will focus on "national security, economic and trade issues of mutual interest, including TikTok and cooperating on money-laundering networks that threaten both the United States and China," a statement from the Treasury Department said. Treasury Secretary Scott Bessent led the negotiations on behalf of the United States, and He Lifeng, the vice premier for economic policy, led the talks for China. On day 2 of the talks, Bessent said that talks on TikTok takeover have advanced, and the two countries are close to clinching a deal, as the September 17 deadline for the short video app looms.

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