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But in a private speech in Washington for JPMorgan Chase, Treasury Secretary Scott Bessent also cautioned that talks between the United States and China had yet to formally start.

Ford has adjusted shipments to China from the United States as a result of retaliatory tariffs, the automaker confirmed.

China on April 21 warned other countries against making trade deals with the United States to China’s detriment.

The Trump administration took steps to impose levies on Chinese vessels docking at U.S. ports, threatening to shake up global shipping routes and escalate the trade war.

President Donald Trump has proposed a fee of at least $1 million each time a Chinese-operated or Chinese-built ship enters a U.S. port.

Several small U.S. businesses sued President Donald Trump over his “Liberation Day” tariffs in the latest legal challenge to a cornerstone of his foreign agenda.

Tariff exemptions announced April 11 on electronics like smartphones and laptops are only a temporary reprieve, U.S. Commerce Secretary Howard Lutnick said April 13.

China announced April 11 that it will raise tariffs on U.S. goods from 84% to 125%, the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets.

The U.S. government’s use of tariffs to address what are viewed as unfair trade practices and the overseas drug trade has been a hallmark of President Donald Trump’s second administration.

President Donald Trump’s tariffs on Chinese imports are now at least 145%, far above the level many economists said could decimate U.S.-China trade.