The agreement between the U.S. and China to cut levies imposed on each other to 10%, marks a major thaw in trade relations.

Treasury Secretary Scott Bessent said the U.S. and China could start work soon on a fuller trade agreement, after the countries struck a [temporary deal]( ...

China’s consumer prices fell further in April, suggesting Beijing’s efforts to boost domestic consumption haven’t been successful in persuading cautious Chinese households to open their wallets. Econo ...