US China trade talks are taking place in Madrid for the second day. Officials are discussing Russian oil TikTok and tariffs. Both nations want progress but tensions remain high.
Talks move to Madrid
US and Chinese officials are holding talks at the Santa Cruz Palace in Madrid. The discussions began on Sunday and will continue until Wednesday. This round follows earlier meetings in London Stockholm and Geneva.
Leaders of the talks
The US delegation is led by Treasury Secretary Scott Bessent. China is represented by Vice Premier He Lifeng. Both sides have already spent long hours in discussions as they try to find a path forward.
Oil trade dispute
The issue of Russian oil has become central. Washington is urging allies to raise tariffs on countries that buy Russian oil. Trump has pushed for up to 100 percent tariffs on Chinese goods to increase pressure on Moscow.
India targeted first
India has already faced higher tariffs on its exports to the US. China has not yet been directly targeted but pressure is growing as the talks unfold.
TikTok deadline
The future of TikTok is another major point. The US has set a deadline for ByteDance to sell the app or face a ban. Trump has delayed this deadline several times yet he hinted a deal with China could help avoid the ban.
China responds
Chinese Foreign Minister Wang Yi criticized Washington’s push for sanctions on oil buyers. He warned that such steps would only complicate the Ukraine conflict. Meanwhile China opened new investigations into the US chip sector.
Nvidia under investigation
China’s regulators accused Nvidia of violating anti monopoly laws. The move came just as the US tightened restrictions on Chinese tech firms. Nvidia said it is fully cooperating with all agencies.
Tech rivalry grows
The chip dispute shows how deeply trade and technology are linked in this standoff. The US is limiting sales of advanced semiconductors while China is looking for ways to counter those restrictions.
Expert view
Analysts say neither country can afford to fully back down. China controls resources and manufacturing capacity while the US offers a massive market that China cannot replace. Both sides are using these strengths in negotiations.
What comes next
Future talks are expected in the coming months. There is also speculation of a Trump Xi summit later this year during the APEC meeting in South Korea. Observers say any breakthrough will likely focus on tariffs and TikTok.
