US-China trade talks set for day two as TikTok deadline looms

US and Chinese language officers will maintain a second day of commerce talks in Spain on Monday because the deadline for the Chinese language proprietor of TikTok to discover a purchaser or face a ban in America looms.The negotiations, led by US Treasury Secretary Scott Bessent and Chinese language Vice Premier He Lifeng, are the newest try to finish a commerce conflict between the world’s two largest economies.Prime degree commerce delegations from Beijing and Washington final met in Sweden in July, the place they prolonged their tariffs truce by one other 90 days.After initially calling for TikTok to be banned throughout his first time period, Trump has reversed his stance on the favored video-sharing app and delayed the ban 3 times to date.Chatting with reporters on Sunday, Trump mentioned, “We might let [TikTok] die. Or we might… I do not know. It relies upon. As much as China, it does not matter an excessive amount of.”It got here as expectations develop that the deadline, which is because of expire on Wednesday, will probably be prolonged for a fourth time.Final month, Trump urged that he would hold extending the deadline till a purchaser for TikTok could possibly be discovered and referred to as nationwide safety and privateness issues associated to the app and its Chinese language mum or dad firm ByteDance “extremely overrated”.The BBC has contacted the White Home and TikTok for remark.The app is likely one of the world’s most widely-used social media platforms, with round 170 million customers within the US.Throughout this week’s talks, officers are additionally anticipated to put the groundwork for a possible assembly between Trump and Chinese language President Xi Jinping as quickly as October, when they’re scheduled to attend a summit in South Korea.China and the US prolonged a tariff truce till November, decreasing threatened levies that exceeded 100% on one another’s items. The extension offers extra time for negotiations about “unfair commerce practices” and to handle nationwide safety points, the White Home mentioned.