"The talks, which are scheduled to run until Wednesday, come as relations between Washington and Beijing continue to be roiled by differences on trade, including China's purchase of Russian oil. President Donald Trump's administration has been pushing US allies to impose steep tariffs on China and India over their purchases of Russian oil in a bid to pressure Russia to end its war in Ukraine."
"In a social media post over the weekend, Trump said NATO countries should impose tariffs of up to 100 percent on Chinese goods until the war is brought to an end. China has a strong control, and even grip, over Russia, and these powerful Tariffs will break that grip, Trump said on his Truth Social platform."
"Chinese Foreign Minister Wang Yi on Saturday appeared to hit out at Washington's efforts to punish countries buying Russian oil, saying sanctions would only complicate the situation in Ukraine. Wang's comments came as China's Ministry of Commerce launched two new investigations of the US chip sector, a day after the US Department of Commerce added 23 more Chinese entities to its restricted trade list."
US and Chinese officials are holding a second day of trade talks in Madrid at the Santa Cruz Palace as part of efforts to reach a comprehensive trade deal after months of tit-for-tat measures. Talks are led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, with officials conducting about six hours of talks on Sunday and sessions scheduled to run until Wednesday. The negotiations occur amid disputes over China's purchases of Russian oil and US pressure to impose tariffs on buyers. China has criticized punitive measures while launching investigations into the US chip sector and responding to added US trade restrictions.
Read at www.aljazeera.com
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