Xi Jinping warns that “bullying” and “hegemonism” in global trade will backfire, criticizing U.S. trade policies. Speaking at a Latin American summit in Beijing, Xi emphasized that no one wins in a tariff war,

China and US have also agreed to take "aggressive" measures to curb the flow of fentanyl, which could then result in the elimination of the extra 20% levy.

In a surprising turn, the US and China have agreed to de-escalate their trade war, with the US significantly reducing tariffs on Chinese goods. Beijing responded by lowering its tariffs on US products.