Hey there! 🌍 The global economy spotlight is on Madrid this September as the Chinese mainland Vice Premier He Lifeng jets off to Spain (Sept 14-17) to sit down with U.S. officials. This marks the 4th round of China-U.S. economic & trade talks in just six months. 🤝
What's on the agenda? 🔍
Here's the lowdown:
- Tariffs: Earlier rounds saw both sides cut 91% of extra duties and pause remaining levies for 90 days. Negotiators will aim to make progress on lingering fees that affect everything from electronics to apparel.
- Export curbs: The U.S. recently added 32 Chinese entities to its Entity List, targeting semiconductors, biotech, aerospace and more. This means tougher controls on key tech goods. The Chinese mainland has vowed to protect its businesses' interests.
- TikTok: The viral video app is on the table over data security concerns. Both sides will explore ways to address worries while keeping the platform accessible to millions of users.
Why it matters 🌟
These talks could reshape supply chains, affect gadget prices and influence how we interact online. A smoother relationship may boost startups and jobs from Bangalore to Bangkok. 🚀
Stay tuned for live updates as He Lifeng and U.S. officials hash out deals that could steer the next wave of innovation across South and Southeast Asia! 🔔
Reference(s):
Upcoming China-U.S. talks in Spain: Tariffs, export curbs and TikTok
cgtn.com
