President Trump’s tariff leverage over China faces new strain as Beijing’s economy posts stronger than expected growth and diversifies exports.

China is tightening its grip on rare-earth exports in a high-stakes economic play, threatening global supply chains in sectors like technology, defense and semiconductors, yet analysts warn the move could backfire by accelerating diversification efforts and provoking harsher U.

President Trump and Chinese President Xi Jinping are set to meet in South Korea in October to discuss the tariff war and potentially strike a trade deal, though the competitive nature of the U.S.-China relationship will remain present.

BANGKOK (AP) — China did not back down Monday in a back-and-forth with the U.S. over trade, calling for U.S. President Donald Trump to withdraw his latest threat of a 100% tariff and other export control measures announced over the weekend.

Treasury Secretary Scott Bessent proposed a longer pause on high US tariffs on Chinese goods in return for Beijing putting off its recently announced plan to tighten limits on critical rare earths.

Analysts are looking to Treasury Secretary Scott Bessent’s planned meeting with Vice Premier He Lifeng in Malaysia this week for assurances that a leader-level meeting is still on track and to keep tariffs from hitting triple-digit levels in November.

U.S. chemical companies are likely to post another quarter of subdued earnings as tariffs, weak industrial demand and Chinese overcapacity squeeze margins and sentiment across the sector. Major producers including LyondellBasell,

Despite continuous tariffs and political tensions, China’s exports to the United States remain resilient. This strength highlights Beijing’s continuing leverage