A tariff hike could potentially damage the Chinese economy. The U.S. imported about $438 billion worth of goods and services from China last year, making it the largest destination for China’s exports. In all, that figure accounts for about 15% of China’s exports, according to the Office of the U.S. Trade Representative.

US President Donald Trump and South Korean President Lee Jae Myung finalised details of their fraught trade deal at a summit in South Korea on Oct 29, and the US president also sounded an optimistic n...

China's foreign ministry was more cautious, saying that Xi and Trump would have "in-depth" talks on "major issues".

“A big question mark for the United States, of course, is whether this is consistent with U.S. law since there was a law passed by Congress,” Glaser said.

Chinese leader Xi Jinping and US President Donald Trump have begun a landmark meeting in South Korea that could reset the volatile relationship between the world’s two largest economies and rival supe...

It has finally been agreed that Seoul can split its promised $350bn investment fund into $200bn in cash to be paid in instalments of $20bn, Lee's aides said.