The total value of goods exchanged between the US and China plunged below 2020's pandemic era low in the second month of the new tariff war between two nations.

U.S. Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi agreed Friday to explore "areas of potential cooperation" between Washington and Beijing, and stressed the importance of managing differences,

China began restricting exports of rare earths in April in response to the global trade war started by President Trump. Currently, US automakers and manufacturers are allowed to apply for export licenses that are good for six months, no more.

Bangladesh is one of those nations that face pressure from Washington to decouple their manufacturing industries from Chinese suppliers, according to officials familiar with trade negotiations.

US-China trade war featuring Geneva Agreement breakdown, tariff volatility, and diplomatic challenges affecting global economic stability and bilateral relations. The United States-China trade relationship in 2025 has been characterized by unprecedented volatility,

Industry insiders said US-China relations have been flammable ever since the trade war ignited, especially in the high-stakes arena of semiconductors. But in recent weeks, a series of diplomatic signals suggests the two sides may be testing the boundaries of each other's political and economic endurance.

"The decline is a direct result of low demand for U.S.-bound cargo and is a sign that the recent surge in imports to the U.S., which occurred after the temporary halt of higher US tariffs, will fail to have the lasting impact we had initially expected," Drewry Analyst Hind Chitty said in an industry update on 26 June.

Countries are set to be informed of tariff rates by letter in the coming days as the president seeks to bolster US-based manufacturing and jobs through his on-off trade war regime.

US apparel imports from China have plunged dramatically since April - and fashion companies plan further reductions Zhang, a yoga apparel exporter based in the southern Chinese city of Dongguan, has suffered a series of painful setbacks since the US-China trade war intensified earlier this year.