Bessent: Trump has great respect for XiBessent: Chinese counterparts have an ‘aggressive ask’Bessent: We are not willing to sacrifice national securityUS Trade Representative Greer: We are close to resolving the TikTok issue with ChinaUS Trade Representative Greer: We want to maintain a good relationship with our Chinese counterpartsBessent: If no TikTok agreement, it won’t affect overall relations
The US and Chinese representatives are in Madrid for trade talks at the moment. Tariffs and TikTok are on the agenda. As a reminder, the tariffs truce between the US and China expires on November 10, so we will likely get more such “trade talks”. If they fail, there are high chances that the deadline will just be extended once again.
Regarding TikTok, the social media app is facing the possibility of a ban in the US, although Trump delayed the ban several times already. The deadline is for Wednesday but it’s highly likely that it will be extended again.
This article was written by Giuseppe Dellamotta at investinglive.com.