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China’s Trade Surplus Hit Record $1.2 Trillion in 2025

China reported strong trade numbers for 2025 on Wednesday, as its surplus rose year-on-year to a record $1.2 trillion despite a slump in exports to the United States after President Donald Trump hiked tariffs. Last year's bruising trade war between Washington ...

WEEK IN REVIEW: Bessent: U.S. “Happy” With Current Tariffs on China

U.S. Treasury Secretary Scott Bessent said his government is “very happy” with the current level of tariffs on China. The comments show that the Trump administration would like to maintain stability with Beijing, at least until the current trade truce expires in November. “I think right now the ...

China Hits Back: Tariffs on U.S. Goods and a Probe into Google Signal Escalating Trade Tensions

China has unveiled a fresh wave of retaliatory measures against the United States on Tuesday, setting the stage for renewed trade tensions. Yet, analysts suggest that Beijing's "restrained" approach could indicate a willingness to negotiate rather than escalate into a full-blown trade war.