According to a Bloomberg report, discussions are set to encompass trade, economic and national security issues, including the status of ByteDance Ltd.’s TikTok, which faces a deadline this week to reach a deal ensuring its continued operations in the US. The talks, led by US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer and China’s Vice Premier He Lifeng, are also expected to lay the groundwork for a potential meeting between President of the United States Donald Trump and Xi Jinping next month.

Read also: US-China Trade War Update: What Businesses Need to Know

Data from the IndexBox platform illustrates the high stakes of the semiconductor discussions, a key point of tension. China recently launched two investigations targeting the US semiconductor industry, including an anti-dumping probe into certain American-made analog IC chips. This move came shortly after the US added 23 more China-based companies to its entity list, restricting businesses deemed contrary to US national security interests. The talks in Madrid represent a critical effort to manage these escalating trade and security disputes ahead of the upcoming APEC summit in South Korea.

Source: IndexBox Market Intelligence Platform