The US is no longer China's biggest export market: that spot now belongs to South East Asia. In fact China was the largest trading partner for 60 countries in 2023 - nearly twice as many as the US. The world's biggest exporter, it made a record surplus of $1tn at the end of 2024.

Comments from the president and Treasury Secretary Scott Bessent raised expectations that the economic rivals could find a way to reduce the intensity of the trade war.

U.S. Treasury Secretary Scott Bessent said Wednesday that "there is an opportunity for a big deal here" on trade issues between the United States and China. Tech giant Google is demanding that some remote employees return to the office if they want to keep their jobs A dozen states sued President Donald Trump and his administration Wednesday,