The fourth round of US-China negotiations ended without progress, with discussions focused on TikTok and tariffs, and expectations for future developments are low.

The recent negotiations between the delegations led by the U.S. Treasury Secretary and the Chinese Vice Premier held in Madrid did not yield notable progress. Although topics such as TikTok and trade tariffs were discussed, expectations were low, and experts suggest that a meeting between Trump and Xi may be necessary to advance the discussions. A possible extension of the deadline for the sale of TikTok operations in the U.S. is anticipated.