U.S. lawmakers introduced a bipartisan bill on Thursday that would revoke China's preferential trade status with the United States, phase in steep tariffs and end the "de minimis" exemption for low-value Chinese imports.

Rubio's appointment as secretary of state has been seen as sign that Trump plans to maintain a hard line on China.

Chinese products will soon face a 10% tariff coming into the United States in a move that could ramp up conflict between the world’s two largest economies.

China's relations are starting to improve with Japan, India and other countries that former U.S. President Joe Biden courted, just as Donald Trump brings his more unilateralist approach back to the White House.

Prime Minister Lawrence Wong said that escalating tensions between the two countries could lead to catastrophic global consequences.

Fortunately, Singapore Prime Minister Lawrence Wong thought a full split was unlikely: "I can’t see how a full decoupling can happen at this stage."

The document suggests that the US will prioritize ensuring that trade serves its national interests, particularly reviewing the China-US trade agreement to evaluate whether it aligns with American economic interests.

In China, Apple’s second largest market, iPhone sales fell 18% in the December ending quarter, according to Bloomberg.

BANGKOK — World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany’s DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.1% higher to 7,847.38. Britain’s FTSE 100 slipped less than 0.1% to 8,539.88.

Iranian cargo ships allegedly carrying chemicals to make missile propellent are setting sail from China to deliver the shipment to Tehran's army.

Whether it is over TikTok, fentanyl or trade, Beijing might welcome a compromise to buy time to address its ailing economy and bolster its position globally.