The United States and China completed the first day of high-level trade talks in Madrid on Sunday, addressing strained economic ties and the looming deadline for TikTok’s Chinese parent to sell its US operations, Reuters reported.

Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng and senior negotiator Li Chenggang at Spain’s Palacio de Santa Cruz.

While no major breakthroughs are expected, officials signaled the TikTok deadline, due September 17, may be extended. Broader issues such as tariffs, export controls, and agricultural trade are likely being saved for a potential Trump-Xi summit later this year.

At the same time, Washington is urging G7 allies to impose tariffs on China and India over their Russian oil purchases, aiming to curb Moscow’s revenues and push it toward peace talks on Ukraine, according to Reuters.

Talks will continue Monday, followed by joint press briefings.