For many years now, the U.S. government has complained about the Chinese economy being driven by exports of manufactured goods, rather than by domestic demand. The Trump administration is continuing this focus, although its language and approach diverge a bit from that of the Biden administration.

Leaders of Vietnam and China reaffirmed strong bilateral ties and agreed to boost cooperation, following a recently announced trade deal between Vietnam and the United States, which includes new tariffs that would target Chinese-origin goods transshipped through Vietnam.

U.S. and Chinese officials have confirmed that they finalized details on implementing an agreement that loosens bilateral export controls. However, the specific terms of the agreement, and whether they will be made public, remain unclear.

Beijing has cast a new shadow over a $35 billion merger between U.S. software giants Synopsys and Ansys, postponing its regulatory approval. The decision comes as the latest ripple in escalating U.S.-China tech tensions.

Last week, Chinese and U.S. trade negotiators met in London, and announced that they had agreed to a "framework" of an agreement, focusing on implementing the previous deal agreed to in Geneva. Details remain sparse, and in this piece CTM goes through some key issues and questions.

At a Senate Finance Committee hearing today, a Republican Senator and Treasury Secretary Scott Bessent discussed the general outlook for China-U.S. trade relations and negotiations, as well as the specific issue of fentanyl and how the Chinese government should deal with it.

At a Congressional hearing today, a Trump administration official in charge of export controls was pressed for details on what was agreed between China and the U.S. in London earlier this week, but did not reveal any new information.