US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms.

The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt to end a trade war between the world's two biggest economies.

Top level trade delegations from Beijing and Washington last met in July, when they struck a deal to extend their tariffs truce by another 90 days until 10 November.

After initially calling for TikTok to be banned during his first term, Trump has reversed his stance on the popular video-sharing app and delayed the ban three times so far.

The BBC has contacted the White House and TikTok for comment.

Speaking to reporters on Sunday, Trump stated, We may let [TikTok] die. Or we may… I don't know. It depends. Up to China, it doesn't matter too much. Expectations grow that the deadline, which is due to expire on Wednesday, will be extended for a fourth time.

Last month, Trump suggested that he would keep extending the deadline until a buyer for TikTok could be found, referring to national security and privacy concerns related to the app and its Chinese parent company ByteDance as highly overrated.

Trump softened his critical stance on TikTok after it helped him gain popularity during the 2024 election, even leading to the launch of an official White House TikTok account.

The app is one of the world's most widely-used social media platforms, with around 170 million users in the US.

During this week's discussions, officials are also likely to set the stage for a potential meeting between Trump and Chinese President Xi Jinping in October at a summit in South Korea.

The tariffs truce between China and the US has cut import taxes that had exceeded 100% on each other's goods. This extension allows more time for negotiations on unfair trade practices and national security issues, according to the White House.