While Washington has long blamed Beijing for supplying fentanyl to the country, China has defended its drug control record and accused Washington of using fentanyl to “blackmail” China

Beijing has set aside major disputes with Canberra and instead filled Australian Prime Minister Anthony Albanese’s six-day visit to China this week with a slew of trade and investment deals, a move analysts said was an effort to find common ground amid trade tensions with the United States.

Chinese stocks struggled due to lingering trade tensions with the U.S., despite developments in tech sales negotiations. The Shanghai Composite and Hang Seng indices experienced declines as investors reacted to Nvidia’s planned chip sales resumption to China,

Chinese Vice-Premier He Lifeng has criticised policies that seek the return of manufacturing back to home countries through tariffs and restrictions, without mentioning the US by name. The top trade negotiator made the remarks at the opening of the third China International Supply Chain Expo in Beijing.

U.S. Secretary of State Marco Rubio says there are “areas of potential cooperation” between Washington and Beijing.

China’s naphtha imports are set to reach record highs this year, driven by new plant startups and growing caution over relying on U.S. propane and ethane, analysts and traders told Reuters.

MP Materials, operating the only U.S. rare earths mine, has secured a $500 million deal with Apple to produce magnets for iPhones and other tech products. This follows the U.S. Defense Department's $400 million investment in MP,

China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.

China said it was examining a trade deal that the US and Vietnam clinched and would retaliate if its interests were hurt — a sign that tensions between Beijing and Washington risk worsening as more of the pacts are finalized.

The US has cleared AMD and Nvidia to resume sales of AI chips to China, marking a major shift in tech trade policy. The move signals a softening stance on export controls and could ease tensions between Washington and Beijing amid rising demand for AI semiconductors.