Asia stock markets trade in red on Monday, followed President Trump's announcement on Friday of plans to raise steel import tariffs from 25% to 50%, effective Wednesday, framing it as a step to reduce reliance on China.

The so-called TACO trade will be tested as markets wait to see if Trump will actually follow through with his latest threat or if he will put it on hold soon.

President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including a dispute over critical minerals.

With increasing tension between the world’s two largest economies – over rare earth minerals, over Chinese students at U.S. universities – a look at some data points.

Jamie Dimon appeared at the 2025 Reagan National Economic Forum on Friday, saying he's concerned if the US can "get our own act together."

Trump's former ambassador to Vietnam highlighted the main reason China may hesitate to strike a trade deal with the U.S.

US stocks end little changed after Trump says China violated tariff terms. Administration maps new curbs. Investors shrug off cooler inflation data.

Beijing has high hopes for its C919 single-aisle jet after years of delay, but the plane depends on engines, avionics and other gear from Western companies.