Six hours after the intense game of the first day in Madrid, the U.S. finance minister left the venue and could not see his anger.

The first day of talks between China and the United States in Madrid, Spain, has ended.The time for the two sides to enter in the afternoon, local time, after six hours of talks, after waiting for the departure of the Sino-U.S. delegation, the sky was already dark.

The off-site camera captured the scene when both sides left the field. Among them, U.S. Treasury Secretary Bescent and U.S. Trade Representative Greer, who had just participated in the negotiations, looked as usual, and there was no emotion or anger.

Besent said, ¡°We¡¯ll start again tomorrow morning.¡±

According to the schedule, the next day¡¯s talks are expected to take place between 8 a.m. and 10 p.m. local time, in exchange for Beijing time, between 2 p.m. and 4 p.m.

Not surprisingly, later that day, China and the United States may hold a press conference to present the situation of the meeting to the outside world.

First of all, from the time, we can see some clues.

During the first round of the China-US Geneva talks and the second round of the London talks, the total duration was more than 16 hours.

Since the third round of Stockholm talks, the situation has changed slightly. On that occasion, China and the United States talked for five hours on the first day, and the second day started in the morning and ended at noon. Full calculation, the total time is within 10 hours.

So that when the Chinese-American representatives dispersed, the journalists who waited outside stood still.

This time in Madrid, if the schedule is fine, the time for talks between the two sides will be shortened again, totaling only 8 hours.

Of course, as the next day¡¯s talks did not begin at the time of publication, we also don¡¯t know if there would be any variables, such as talks beyond the scheduled time.

However, from this arrangement alone, it is not difficult to conclude that compared to the previous two rounds of talks, there are not so many things that China and the United States need to talk about afterwards.

The reason is also very simple. The background of the Geneva talks is that China and the United States are still engaged in intense confrontation, which to some extent has gone beyond the scope of "tariff war" and evolved into a "trade war" or even an "economic war".

This means that the topics involved in the talks will be extremely complex.In addition, the core agenda of the two sides is still to press the suspension key for the confrontation.

For this reason, the two sides held marathon talks.

After in London, the two sides still have many issues to solve, especially to ensure that the results of the Geneva talks can be implemented, so it also takes longer to play.

However, from the start of the negotiations in Stockholm, things changed.

With the two sides reaching consensus on some issues and some early achievements being implemented, Sino-US relations have eased, but it also means that negotiations have entered a "deep water zone".

Although the number of problems that the two sides will try to overcome next will not be so large, the differences will be relatively large. Obviously, this won't be an easy job.

This may also explain why Bessent did not want to talk much at the time of his departure.On the one hand, there may not be much progress.On the other hand, everyone understands the logic of "many words must be lost", and some words can not be blurred.

In fact, the outlook for the Madrid talks is generally not optimistic.The mainstream view is that there is little chance of a substantial breakthrough.

The main task of the Chinese and American delegations is to try to prevent more variables from appearing while maintaining communication. Therefore, in the eyes of some people, it is unlikely that the two sides will make a final decision on important issues such as tariffs, and it is more likely that they will delay it.

Just as the two sides previously announced the postponement of the tariff deadline, they left more time and space for the next negotiations.

But this does not mean that relevant issues will be postponed forever. Both China and the United States still hope to eliminate unstable factors as soon as possible and get everything back on track.

Therefore, some analysts believe that China and the United States are accumulating positive factors through similar talks, and when the time comes, the higher levels of the two countries will make a final decision.

At present, it seems that the upcoming APEC Leaders' Informal Meeting in South Korea may be a potential opportunity.

In addition, there are certain points in the Madrid talks that deserve external attention.

One is TikTok. Previously, Trump had been postponing the "ban without selling" ban with multiple executive orders. The latest deadline was September 17th, just a few days after the Madrid talks.

Obviously, Trump is hoping to clarify China¡¯s attitude once again before the deadline comes and find the basis for his actions afterwards.In his perspective, the best outcome is of course ¡°sell¡±.

The second is China's purchase of Russian oil.

It should be said that the United States has not been talking about this for a day or two, but before it was more at the stage of "verbal harassment", and the tariff stick hit India.

However, the recent situation is that Trump has begun to pull allies to discuss the suppression of China on this grounds. Besides the European Union, the G7 has also received Trump's request.

In this context, China and the United States may engage in a more substantive game on this issue. If Trump really uses this reason to impose tariffs on China, the Sino-US tariff war will not rule out the "second game".

On the whole, today's Sino-US relations are still at a delicate juncture. The relationship has indeed eased, but there are still many variables.

And one of the factors that influenced the future of China-US relations is undoubtedly the ongoing Madrid talks.