The Latest Breaking News from China

The euro surged further against the US dollar, and European stock markets are set to open higher as the White House exempts electronics from the reciprocal tariffs. However, US President Donald Trump and his team hinted that the exemption would only be temporary.

Asian markets have rallied as tensions over trade ease slightly after U.S. President Donald Trump said electronics such as phones and laptops would not be subject to the same high U.S. import duties as some other products

The US President warned Sunday that no country would be "getting off the hook" on tariffs, as his administration suggested exemptions seen as favoring China would be short-lived. The world's two largest economies have been locked in a fast-moving, high-stakes game of brinkmanship since Trump launched a global tariff assault.

A development in the US-China tariff war has nudged Australian shares higher with the White House carving out smartphones, computers and other electronics.

The US president has said no one is ‘getting off the hook’, as he promises to launch a national security investigation into the semiconductor sector

The idea of "American exceptionalism" in the global economy and financial markets has rapidly lost favor this year, but others are sticking with the US.

Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on China

US President Donald Trump warned Sunday that no country would be getting "off the hook" on tariffs despite a 90-day reprieve on some levies, while also downplaying exemptions for Chinese technology.

US Commerce Secretary Howard Lutnick says tariffs on semiconductors to be in place within weeks.