China's Ministry of Commerce has launched a strategic offensive ahead of the trade summit with the United States. On one hand, it has initiated an antidumping investigation into certain analog integrated circuits from the US market, affecting industry giants such as Texas Instruments and ON Semiconductor . The decision is based on official data revealing a 37% increase in imports of these components between 2022 and 2024, accompanied by a 52% drop in their prices , which has put significant pressure on local manufacturers.
In parallel, Beijing has launched a second investigation, described as "anti-discrimination ." This action is a direct response to Washington's policies, which limit China's access to advanced technologies, especially in the fields of artificial intelligence and next-generation chips. A spokesperson for the Chinese Ministry of Commerce was emphatic on this point, stating that US measures, such as export restrictions and tariffs, "constitute the containment and suppression of the development of China's high-tech industries . "
This escalation comes just one day after the United States added 23 more Chinese companies to its "entity list," further tightening trade restrictions. The China Chamber of Commerce for Machinery and Electronic Products lamented that these actions "damage the legitimate rights of Chinese companies and disrupt the global supply chain . "
Madrid, a key stage for de-escalation
In this atmosphere of extreme tension, Madrid is hosting the fourth round of bilateral negotiations at the Santa Cruz Palace from this Sunday until Wednesday. The meeting's agenda is packed and covers the most contentious points in the economic relationship between the world's two largest economies.
One of the primary objectives is the renegotiation of tariffs that burden trade valued at hundreds of billions of dollars. Additionally, a solution will be sought for the future of TikTok in the United States, whose operating license expires this week.
For his part, US Treasury Secretary Scott Bessent emphasized the importance of balancing the bilateral relationship. "We need to reduce risk in strategic industries like semiconductors ," he stated, referring to previous rounds of talks, and added that in Madrid they would discuss "national security, economic, and trade issues, including the future of TikTok and cooperation in the fight against money laundering . "
Both delegations hope that the talks in Madrid will also serve to prepare for a future summit between Presidents Donald Trump and Xi Jinping within the framework of the APEC forum, scheduled for the end of October in South Korea.
The choice of Spain as the venue, following previous meetings in Geneva, London, and Stockholm, has been welcomed by the Spanish government, which highlighted the country's diplomatic profile. "The Spanish government appreciates the confidence shown by both countries in choosing Madrid for this bilateral meeting and reiterates its full commitment and collaboration in its organization. Our foreign policy prioritizes diplomacy and negotiation to achieve understanding between nations ," stated an institutional source.
The Chinese anti-dumping investigation is expected to conclude in September 2026, although the outcome of the Madrid summit will be crucial in preventing a further escalation of the trade war.
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