Chinese and US defense officials had their first known formal contact since Donald Trump returned to the White House, in a meeting that partially coincided with Beijing conducting large-scale military drills around Taiwan.

A nonprofit group said the president misapplied a law in imposing those levies and portrayed its filing as the first lawsuit to challenge the Trump administration over its tariffs.

US has highest trade deficit in the world. Who has highest trade surplus? Here's what trade imbalance and reciprocal tariffs mean and why it matters

Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.

Fitch Ratings cut China's credit rating, citing ​"rapidly rising public debt" in the world's second-biggest economy. Fitch said this week's increase in U.S. tariffs wasn't the trigger, but cited "uncertainty about their impact.

China has come out badly from Mr Trump’s Rose Garden rant. Counting the new levy of 34%, plus existing duties, the total rises to 65%—and slightly higher if you include the disruptive removal of a tariff exemption for small packages.

As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.

Secondly, by imposing heavy tariffs ranging from 46% to 49% on other South East Asian countries including Cambodia, Vietnam and Laos, it has 'slammed the door shut' on how China rejigged its supply chains to get around the tariffs imposed on Beijing during Trump's first term.