Tensions between the U.S. and China escalated in the weeks leading up to a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping. In response to recent U.S. restrictions,

The announcement marked a significant de-escalation of a whiplashing trade war between the world’s two largest economies.

President Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.

The July-September data, the weakest pace of growth since the third quarter of 2024, compares with a 5.2% pace of growth in the previous quarter, officials said.

President Trump announced an additional 10% tariff on Canadian imports on Saturday, but said there is a good chance of a "comprehensive deal" on trade with China.

US President Donald Trump announces massive tariffs and export controls on China while signalling an upcoming high-level meeting with Xi Jinping.

China likes to condemn the United States for extending its arm too far outside of its borders to make demands on non-American companies. In expanding export rules on rare earths, Beijing for the first time announced it will require foreign firms to obtain approval from the Chinese government to export magnets containing even tiny amounts of China-originated rare earth materials or produced with Chinese technology.