WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent is traveling to Madrid this weekend for trade talks with Chinese counterparts. He will meet Chinese Vice Premier He Lifeng to discuss tariffs and national security issues, including TikTok ownership. This will be the fourth round of discussions this year, following meetings in London, Geneva, and Stockholm. The U.S. and China have agreed to several 90-day pauses on increasing tariffs to avoid a trade war. Congress has approved a U.S. ban on TikTok unless its parent company, ByteDance, sells its controlling stake. Bessent will also meet Spanish officials to discuss U.S.-Spain relations.
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