WASHINGTON (AP) — President Donald Trump on Tuesday said a trip to China might be “not too distant,” raising prospects that the leaders of the world’s two largest economies may meet soon to help reset relations after moving to climb down from a trade war.

Oct 8, 2024 - China imposes temporary anti-dumping tariffs on EU brandy, hitting brands from Hennessy to Remy Martin. Oct 29, 2024 - The EU approves imposing extra tariffs of up to 35.3% on Chinese-made EVs for five years, but negotiations continue.

U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.

The man, a U.S. citizen, is barred from leaving China by the Ministry of State Security, the country’s main intelligence and counterintelligence agency.

China has declined to comment on the alleged exit ban, saying only that it handles all cases according to the law.

After a ProPublica investigation raised security concerns, Microsoft will cease using China-based engineers for work on sensitive Pentagon cloud computing systems.

Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But some cities have started to cut back on the subsidies.

BEIJING (Reuters) -Prices of coking coal futures in China hit their ceiling for a second successive session on Tuesday, amid market chatter about potential government inspections in China's major coal production hubs that might lead to supply disruptions.