00:00U.S. Treasury Secretary Scott Besson will hold trade talks with Chinese Vice Premier He Li Feng
00:06and other senior officials in Madrid next week.
00:10The agenda is expected to include the status of Chinese-owned social media platform TikTok
00:15as well as joint efforts to combat money laundering.
00:20The meetings are part of Besson's trips to Spain and Britain from September 12th to 18th.
00:26It will be the fourth round of face-to-face discussions between the two top economic officials this year
00:32aimed at upholding a trade truce.
00:35The agreement has so far involved lower retaliatory tariffs
00:38and the resumption of Chinese rare earth exports to the U.S.
00:42In late July, both sides extended their tariff pause for 90 days, set to expire on November 10th.
00:49TikTok, however, was not raised during the July talks.
00:52President Donald Trump, whose White House launched its own account on the platform last month,
00:57has extended a deadline for TikTok's parent company, Bydance,
01:01to divest its U.S. assets until September 17th or face a potential ban.
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