Madrid, Spain – On Monday, more than 50 officials from the Chinese mainland and the United States reconvened in the Spanish capital for the second day of trade and economic discussions. With a packed agenda that spans tariffs, supply chains and tech transfers, negotiators are racing to find common ground before the next round of high-level talks.
Spain's selection as host comes at a pivotal moment: as two of the world’s largest economies seek to ease tensions after months of tit-for-tat duties. Delegates say Madrid offers a neutral setting far from the flashpoints of Asia and North America, with Europe’s open markets and diplomatic traditions providing a backdrop for creative compromises.
Key Themes on the Table
- Tariff Reductions: Industry groups on both sides are pushing for phased cuts to existing duties.
- Technology and IP: High-tech exports, particularly semiconductors and 5G, remain a sticking point.
- Supply Chain Resilience: Discussions aim to diversify sources, from rare earths to renewable energy components.
Lessons from Past Talks
Earlier rounds also in Europe yielded incremental progress on agriculture and digital services, but often fell short on enforcement mechanisms. This time, negotiators are testing new frameworks that could include joint review committees and clearer dispute-resolution processes.
As this round winds down, both sides hope to agree on a roadmap that maintains pressure to settle outstanding issues while building momentum for more ambitious cooperation on global trade challenges. The world will be watching as Madrid sets the tone for the next chapter in U.S.–Chinese mainland economic relations.
Reference(s):
cgtn.com
