Global markets braced as Washington and Beijing neared an Aug. 12, 2025, deadline that threatened to unleash triple-digit tariffs. If no deal was struck, US duties on Chinese goods would have jumped to 145% and China’s to 125%,

U.S. tariffs on Chinese imports of around 55% are a "good status quo," but the Trump administration would like to find areas where bilateral trade could increase more freely, U.S. Trade Representative Jamieson Greer said on Tuesday.

China has opened an investigation into whether Mexico's import tariffs are a trade barrier. Mexico plans to impose taxes up to 50% on over 1,400 Asian products to protect local industries.

Chinese firms are mostly less profitable than comparable US companies, leaving exporters at risk of a further hit to earnings as President Donald Trump’s tariffs sap demand, according to new research from Bloomberg Economics.

Nike CEO Elliott Hill vowed to return the company to its sportswear roots when he took the helm last year in a much-touted change and his efforts are bearing fruit, but a sluggish recovery in China and uncertainty over tariffs remain a drag.

Michigan governor pledges to “stop the madness” of Trump’s trade war, warning it undermines America’s closest partners.

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Tariffs could become a campaign issue in states highly reliant on trade with open or competitive Senate seats, like Iowa, Michigan and North Carolina.