Overview

• Delegations led by Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer and Vice Premier He Lifeng met for about six hours on Sunday and will resume talks on Monday, officials said.
• The agenda includes national security issues, TikTok and cooperation on money‑laundering networks, with Reuters‑cited sources indicating the TikTok divestiture deadline this week is likely to be extended.
• China’s Commerce Ministry opened an anti‑dumping investigation into certain U.S. analog chips and a separate anti‑discrimination probe of U.S. semiconductor policies following Washington’s September 12 addition of 23 China‑linked firms to its entity list.
• Negotiators are seeking to preserve the current tariff truce that keeps U.S. rates near 55% and extends reduced duties through November 10, while previous rounds reopened rare‑earth flows.
• Officials are using the Madrid round to help prepare for a possible meeting between President Donald Trump and President Xi Jinping at a summit in South Korea next month.