Chinese and U.S. delegations have held candid, in-depth, and constructive trade talks in Madrid. Discussions on Sunday and Monday included matters related to TikTok. The two sides say the talks were guided by the important consensus reached previously by the two heads of state. Chinese vice premier He Lifeng reaffirmed China's determination to safeguard its legitimate rights and interests. Both sides have reached a framework consensus on resolving issues related to TikTok through cooperation and reducing investment barriers.

What is the significance of the trade talks between China and the U.S. in Madrid? What are the key outcomes of the negotiations? What’s next for China-U.S. trade?