Just weeks ago, markets rejoiced as a de-facto trade embargo between the world’s two largest economies was called off — with US President Donald Trump declaring a “total reset” with China. Yet, the reality of that reset is starting to look awfully familiar.

China trade talks have stalled as Trump faces legal setbacks over his tariff strategy. Follow Newsweek's live blog.

Trade talks between the US and China are "a bit stalled", the US Treasury Secretary Scott Bessent has said. His comment comes less than three weeks after a temporary trade truce was agreed between the world's two largest economies,

Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),

US President Donald Trump signalled renewed trade tensions with China, arguing that China had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations.