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.

Asian shares surged Monday while European markets were little changed after U.S. President Donald Trump said he expected to reach a trade agreement with China.

However, the two men appear to have put these differences aside following talks in Malaysia over the weekend, agreeing to the roots of a preliminary deal in which China will delay its expanded licens...

President Trump and China’s leader, Xi Jinping, could “consummate” a deal to allow TikTok to continue to operate in the United States when they meet on Thursday, Treasury Secretary Scott Bessent said ...

Global companies have a long list of concerns around the U.S.-China trade war.

Trump has suggested he expects to forge another trade agreement with Chinese President Xi Jinping when they meet on the sidelines of a Pacific Rim summit in South Korea later this week.