Bloomberg Daybreak: US Edition US-China Trade Talks and TikTok; Hochul Endorses Mamdani
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Sep 15, 2025 High-level US-China trade talks in Madrid focus on TikTok's future and national security concerns. The discussions are underscored by Nvidia's legal troubles, as China alleges anti-monopoly violations linked to its acquisitions. In politics, New York Governor Kathy Hochul backs Zohran Mamdani for mayor, promising significant changes for the city. These interconnected issues present a complex landscape of diplomacy, technology, and local governance that shapes the current economic narrative.
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Madrid Talks Near Breakthrough
- U.S. and China held extended talks in Madrid focused on trade and TikTok with apparent progress reported by Treasury Secretary Scott Besset.
- A TikTok deal deadline looms this week and negotiators say they are very close to resolving the issue.
TikTok Faces Imminent Deadline
- TikTok, owned by ByteDance, faces a U.S. deadline to reach a deal to continue operations in the country.
- President Trump has publicly weighed in and suggested the sale timeline might shift depending on negotiations.
China Flags Nvidia Antitrust Breach
- China's market regulator found that NVIDIA violated anti-monopoly law over its 2020 Mellanox deal, signaling Beijing's leverage in trade talks.
- The move arrived during the Madrid discussions and contributed to market volatility for NVIDIA shares.