China-U.S. trade talks to take place today in Madrid

US-China Trade Negotiations & TikTok Deal - US and China are engaged in ongoing negotiations, with a framework reached for TikTok, pending leader approval [1][2][3] - The TikTok deal involves a shift to US-controlled ownership [3][16] - A potential meeting between President Xi and President Trump is being considered, with the TikTok deal seen as a precursor [2][5] - China will announce their perspective on the framework at 11:00 a.m Eastern Time [8][9] - The deadline for the TikTok deal may require a temporary extension [10] Trade Frictions Beyond TikTok - New accusations against Nvidia for violating anti-monopoly laws in China have emerged [6] - China has initiated two new probes into US semiconductors [7] - The US added two dozen Chinese companies to a blacklist and is urging allies to impose tariffs on China over Russian oil purchases [7] - US concessions, such as increased sales of Nvidia chips, may be necessary for China to agree to a broader deal [14] Investment & Immigration - The White House addressed concerns about disincentivizing investment by outside manufacturers, potentially in response to South Korean concerns [18] - There is discussion about embedding special visas in trade deals to facilitate the transfer of expertise and knowledge for factories being built in the US [19][20] - The current immigration system may not accommodate the necessary number of workers for these projects [20]