The Dow Jones (DJIA) closed at an all-time high on Thursday and opened Friday’s trading session slightly in the red.
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The U.S. and China are set to meet between September 14-17 for their fourth round of in-person trade talks in Madrid, Spain, according to a statement from China’s Commerce Ministry. U.S. Treasury Secretary Scott Bessent will represent the U.S. and negotiate with Chinese Vice Premier He Lifeng and other senior officials.
U.S.-China to Discuss Tariffs and TikTok
The two sides are set to “discuss key national security, economic and trade issues of mutual interest, including TikTok and cooperating on money-laundering networks that threaten both the United States and China,” said the Treasury.
Previous meetings between the two sides have resulted in a mutual tariff rate drop, China easing rare earth export controls, and a tariff grace period extension from the U.S. The U.S. tariff on imported Chinese goods currently stands at about 55%.
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