A tariff hike could potentially damage the Chinese economy. The U.S. imported about $438 billion worth of goods and services from China last year, making it the largest destination for China’s exports. In all, that figure accounts for about 15% of China’s exports, according to the Office of the U.S. Trade Representative.

The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.

That sent stocks sharply higher, with South Korea's KOSPI (.KS11) and Japan's Nikkei (.N225) adding more than 2% each and crossing landmarks to record highs.

The US and China have finalized a deal to transfer the American version of TikTok to new owners, Treasury Secretary Scott Bessent revealed on Sunday.

Top Chinese and US economic officials on Sunday hashed out the framework of a trade deal for US President Donald Trump and Chinese President Xi Jinping to decide on later this week that would pause st...

“I would expect that the threat of the 100% has gone away,” he said, adding that Beijing had also stepped back from its own threat of a global export control regime on rare earths.