After more than a year of escalating trade tensions, Beijing and Washington say they are ready to cut tariffs on tens of billions of dollars worth of goods — but analysts warn the impact on growth may be limited.

While the US president declared last week’s summit meeting with Xi Jinping a success, his “fantastic” deals changed nothing structural or material in their hostile trade…

The world's two top economies spent much of 2025 embroiled in an escalating trade war