Treasury Secretary Scott Bessent told NBC's Meet the Press that the latest threat of massive escalation in the U.S.-China trade war is likely off -- days ahead of the November 1 deadline. The U.S. had threatened to impose a new,

China has expanded its export rules on rare earths, requiring foreign firms to get approval for exporting products containing even small amounts of China-originated materials.

China's top trade negotiator Li Chenggang and Chinese Vice Premier He Lifeng arrived on Sunday at a venue in Kuala Lumpur for a second day of trade talks between the United States and China. The Chinese economic officials are meeting with U.

China’s economy expanded at 4.8 percent in the third quarter—the slowest rate in a year—according to data released on Monday by its National Bureau of Statistics (NBS), as ongoing trade tensions with the United States continue to weigh on growth.

As Trump arrived in Malaysia for the ASEAN summit, US and Chinese officials concluded talks leading to a “very substantial framework” to defuse escalating trade tensions, Treasury Secretary Scott Bessent said.