With households already squeezed by higher costs on essentials and toys also set to get pricier, this year’s holiday season may see muted shopping and tighter budgets.

China tariff delay fails to save US Christmas shopping season

Following a June 2025 deal, China magnet exports surged by 158%, with shipments to the US increasing over sevenfold. Despite this recovery, exports remain below pre April levels after China imposed prior controls. 

China’s rare earth magnet exports jump 158% after trade truce with US

China signals rare flexibility on WTO trade reforms, offering to discuss tariffs and subsidies, but insists its developing country status remains non-negotiable.

China says it’s ready to talk tariffs and subsidies with US at WTO

This followed US President Trump declaration of the deal being, although full details were not disclosed, with negotiations described as ongoing. 

China ‘confirms details’ of trade deal with United States: A timeline of 2025 tensions and talks

China and the United States are in touch over the signing of their Phase One trade deal, China's commerce ministry said, which will see lower US tariffs on Chinese goods and higher Chinese purchases of US farm, energy and manufactured goods.

China: In touch with US on signing of Phase One Trade Deal

China on Tuesday denied it was to blame for fentanyl deaths in the United States after President Donald Trump accused Beijing of reneging on its promise to crack down on the opioid.

Trump's conclusion on fentanyl deaths in US is groundless: China

Trade tensions and high-tech rivalry between the US and China are having a "very negative influence" on the world economy, Australia's prime minister said Friday as he urged both powers to resolve their differences.

China-US tensions 'very negative influence' on global economy: Australia PM Scott Morrison

Asian markets were mostly up Wednesday with investors remaining positive about the prospects for a China-US trade deal while the pound held its gains as fears of a no-deal Brexit recede.

Asian markets up on lingering trade hopes, sterling holds gains

Entire 'Obamacare' unconstitutional, declares federal judge in Texas A US federal judge in Texas ruled on Friday that the Affordable Care Act, commonly known as Obamacare, is unconstitutional, a decision that was likely to be appealed to the Supreme Court.

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