The ASEAN bloc of Southeast Asian nations and China on Tuesday signed an upgrade to their free trade agreement, which includes sections on digital, the green economy and other new industries, Beijing's Commerce Ministry said.

Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.

The price of a pumpkin carving kit shows how tariffs on China are causing steep price hikes even among relatively cheap holiday items.

Beijing and the Association of Southeast Asian Nations have signed an expanded free trade agreement as both sides face increased protectionism from the United States

President Donald Trump and Chinese President Xi Jinping are expected to reach a deal to avert a new 100% U.S. tariff on Chinese goods.

The US and China move closer to a limited deal on rare earths, soybeans, and tariffs ahead of Trump–Xi talks in Busan this week.

"So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime."

China pressed on Monday for open trade and stronger economic ties at a regional summit in Malaysia dominated by the shadow of steep U. tariffs, as Canada's premier expressed readiness to meet U.