Separately, Nvidia CEO Jensen Huang still hopes to sell chips from the company’s Blackwell lineup to customers in China, though he has no current plans to do so, he told reporters Friday. Blackwell is Nvidia’s latest generation of AI semiconductors, figuring prominently as a potential bargaining chip in trade talks between the US and China.

U.S. Treasury Secretary Scott Bessent admitted Thursday that President Donald Trump’s supposedly triumphant talks about a rare earths deal with China were far from finished. Speaking on Fox News, Bessent touted Trump’s recent efforts in getting China to agree to pause export controls on its rare earth minerals supply for one year.

After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.

President Donald Trump and Xi Jinping agree on soybean purchases after China shifted purchases to Brazil, a move that hurt American farmers.

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China has reported its factory activity contracted for a seventh straight month in October, reflecting pressure from higher U.S. tariffs and sluggish domestic demand.

President Donald Trump’s U.S.-China trade truce may be overshadowing a new report that has helped raise the alarm about a potential global surplus of crude oil next year.

The Daines meeting in China eventually helped pave the way for a temporary detente between Washington and Beijing. The on-again, off-again trade war between the U.S. and China this year has been felt around the world. The trade in goods between the two countries was $582 billion in 2024.