US and Chinese officials are holding a second day of trade talks in Spain, focusing on the impending TikTok ban deadline. Treasury Secretary Scott Bessent and Vice Premier He Lifeng lead the negotiations, aiming to resolve the ongoing trade war. While President Trump initially sought a TikTok ban, he's since delayed it multiple times, suggesting a potential extension. Talks also involve preparing for a possible Trump-Xi Jinping meeting in October. The current tariffs truce, extending until November 10th, aims to address unfair trade practices and national security concerns.

Prepared by Christopher Adams and reviewed by editorial team.