Chinese companies are so intent on global expansion that even a new IPO on the mainland counts the U.S. as one of its biggest markets, on par with China.

U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring's drama,

Japanese Prime Minister Shigeru Ishiba said he won’t rush into a trade deal with the US that would hurt the nation’s interests, although he’d welcome any progress made before an expected summit with US President Donald Trump.

The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

Gold prices firmed on Wednesday as investors stayed cautious amid lingering uncertainty over the U.S.-China trade truce and waited for key U.S. inflation data for clues on the Federal Reserve's interest rate trajectory.

Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen countries as Trump seeks to reset the foundations of global trade.

U.S. stock futures are lower before May inflation data and details of a U.S.-China trade deal.

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Chinese state media say that the U.S. and China have agreed in principle on a framework to resolve their trade disputes.

As trade talks conclude, the latest trade data shows a sharp drop in Chinese imports — the lowest level since the pandemic.

U.S.-China talks on trade resemble arms-control negotiations, with export controls being the key weapons in each side’s arsenal.