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Analysts are looking to Treasury Secretary Scott Bessent’s planned meeting with Vice Premier He Lifeng in Malaysia this week for assurances that a leader-level meeting is still on track and to keep tariffs from hitting triple-digit levels in November.
China has reported that its economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand
6don MSN
Trump admin slams China’s 'global power grab' on rare earths, threatens triple-digit tariffs
Trump administration officials work to stabilize U.S.-China relations after trade war threats, with President Donald Trump prepared to meet Xi Jinping.
Shipments fell because of the high tariffs China has imposed on U.S. imports and as previously harvested U.S. supplies, known as old-crop beans, have already been traded. China is the world’s biggest soybean importer.
Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.
In Washington, China hawks say its economy is too weak to withstand a tariff shock. In the city of Yiwu, factories are showing why, for now, that may be a miscalculation.
Earlier this month, President Trump threatened to impose an additional 100% tariff on imports from China starting next month.
Trump blamed Beijing for the latest impasse, a dispute over China's sweeping new export restrictions on rare-earth minerals and magnets.