US has highest trade deficit in the world. Who has highest trade surplus? Here's what trade imbalance and reciprocal tariffs mean and why it matters

Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.

Chinese and US defense officials had their first known formal contact since Donald Trump returned to the White House, in a meeting that partially coincided with Beijing conducting large-scale military drills around Taiwan.

China has come out badly from Mr Trump’s Rose Garden rant. Counting the new levy of 34%, plus existing duties, the total rises to 65%—and slightly higher if you include the disruptive removal of a tariff exemption for small packages.

Fitch Ratings cut China's credit rating, citing ​"rapidly rising public debt" in the world's second-biggest economy. Fitch said this week's increase in U.S. tariffs wasn't the trigger, but cited "uncertainty about their impact.

As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.

Punishing tariffs on Vietnam, Cambodia, Thailand and others in the region threaten their position as major manufacturing hubs for the American market.

At the heart of this shift is the Philippines, which faces persistent Chinese incursions into its exclusive economic zone (EEZ). General Romeo Brawner Jr., head of the Philippines' Joint Chiefs of Staff, reported an average of 286 Chinese vessels operating daily last year within the EEZ, up from 190 in 2021. ​