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US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms.<\/p>\n
The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt to end a trade war between the world’s two biggest economies.<\/p>\n
Top level trade delegations from Beijing and Washington last met in July, when they struck a deal to extend their tariffs truce by another 90 days until 10 November.<\/p>\n
After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing app and delayed the ban three times so far.<\/p>\n<\/div>\n
Speaking to reporters on Sunday, Trump said, “We may let [TikTok] die. Or we may\u2026 I don’t know. It depends. Up to China, it doesn’t matter too much.”<\/p>\n
It came as expectations grow that the deadline, which is due to expire on Wednesday, will be extended for a fourth time.<\/p>\n
Last month, Trump suggested that he would keep extending the deadline until a buyer for TikTok could be found and called national security and privacy concerns related to the app and its Chinese parent company ByteDance “highly overrated”.<\/p>\n
The BBC has contacted the White House and TikTok for comment.<\/p>\n
The app is one of the world’s most widely-used social media platforms, with around 170 million users in the US.<\/p>\n
During this week’s talks, officials are also expected to lay the groundwork for a potential meeting between Trump and Chinese President Xi Jinping as soon as October, when they are scheduled to attend a summit in South Korea.<\/p>\n
The tariffs truce between China and the US cut import taxes that had reached more than 100% on each other’s goods. <\/p>\n
The extension gave them more time for negotiations about “unfair trade practices” and to address national security issues, the White House said.<\/p>\n<\/div>\n