Nvidia probe and TikTok deadline loom over U.S.-China trade talks

The US and Chinese commercial negotiations, tariff rates, export controls, and China’s social media has reached a second day in Spain with the agenda of several adhesion points consisting of a close deadline for the disposal of Tiktok.

On the first day of the first negotiations led by the US Treasury Secretary Scott BESSENT and Trade Representative Jamieson Greer, according to an US official, China Vice President LiFeng and Li Chenggang, the best commercial negotiator for China, focused on Tiktok, tariff and economy.

The latest meetings in Madrid point to the fourth round of bilateral meetings within four months after both sides. I reached an agreement in May Pause most of the upright tariffs and withdraw some of their mutual restrictions. A trip to Washington by Li Chenggang, a Chinese senior trade negotiator last month, made little progress.

When the parties enter the second day of the negotiations, besent He made good progress in technical details And close to an agreement in Tiktok.

According to Reuters, “Our Chinese colleagues came with a very aggressive question,” he said. He continued: “We will see that we can go there right now. We are not willing to sacrifice national security for a social media application.”

In recent days, tensions have increased. China was launched during the weekend Two investigations targeting the US semiconductor industryIncluding a definite anti-dumping probe American made analog IC chipswith Investigation of Discrimination The US is moving against the Chinese chip sector.

Investigations were initiated after adding the USA 23 more Chinese -based company to the asset list last Friday.

On Monday, China market organizer said there was a preliminary investigation Nvidia He was violating the country’s anti -competitive laws and added that another investigation will be carried out to the US chip giant.

George Chen, a digital implementation partner in the Asian Group, Nvidia, “Beijing has become a leverage for both sides” as a clearly part of the negotiating tactics managed to show Washington’s harsh side.

Wendy Cutler, a former US Trade Representative in Washington and President of the Asian Community Policy Institute, said, “China will continue a harsh bargain” in the second position of US President Donald Trump, and probably demanding some compensation to revive these new measures, “It was not encouraging,” he said.

Cutler said that after tightening the exports of critical minerals and magnets to the United States, Washington has provided Washington to remove certain controls on exports of technology equipment to China.

“With this approach, [it’s] It is difficult to see how the bilateral economic relationship develops. It’s like running more [a] The stand stung, Cut Cutler said.

Separately, the Chinese Ministry of Commerce expression Trump has returned to the European Union’s request for introducing secondary tariffs up to 100% to China, according to the country’s Russian oil purchases.

This was the “classical unilateral bullying and economic coercion action” and “a serious violation of consensus” during a call between Trump and Xi earlier this year.

Authorities are also expected to discuss the details of a potential meeting between Trump and Chinese counterpart Xi Jinping this year. . Wall Street Journal reported on Sunday Beijing has asked you to call a Trump visit to China for the last two months, what would be the first state visit of the US President to the country A trip in 2017.

Luck for a potential Xi-Trump meeting, Madrid Talk, especially Tiktok’s fate will depend on the consequences of the fate of the Asian group Chen, Beijing Washington’u trying to manage to perceive the relations at home, said Washington “disrespectful” can increase even more.

Beijing -based Bayta faced a deadline on Wednesday to reach an agreement to continue its activities in the United States, and this year, Trump expanded the similar deadline dates by calling Beijing and Washington’s proposal algorithm.

China, which needs to confirm any sale, put the technology in an export checklist and offered a little indication to an American owner’s request to allow such a transfer.

Trump told reporters on Sunday, and said that the talks were “going well” and Tiktok’s fate would be dependent on Beijing’s actions.

Tiktok, as a useful bargain for Trump to win American young voters Beijing [for the] The US tariff is reduced by 10% or more, Ever Evercore Heat’s Chinese strategist Neo Wang.

– Evelyn Cheng from CNBC contributed to the report.