China said Wednesday its economy topped forecasts in the first quarter, as exporters rushed to shift goods ahead of swingeing US tariffs, but warned it faced “certain pressures” from Donald Trump’s trade blitz.

US aviation giant Boeing, fresh off a crippling labor dispute and quality control crisis, has now found itself drawn into the escalating trade conflict between Washington and Beijing.

Australia has, at almost $18 billion, one of the largest goods trading deficits with Washington; Singapore is not far behind at $13 billion

The U.S. chipmaker disclosed on Tuesday that American officials had informed the company on April 9 that its H20 chip would require an export license for sales to China.

The document was shown during Zuckerberg's second day of testimony at the high-stakes trial, in which the U.S. Federal Trade Commission is seeking to unwind Meta's acquisitions of prized assets Instagram and WhatsApp.

Li Chenggang, 58, a former assistant commerce minister during the first administration of U.S. President Donald Trump, takes over from Wang, 59, the human resources and social security ministry said in a statement.

The NBS said that "according to preliminary estimates, the gross domestic product in the first quarter... (was) up by 5.4 percent year on year at constant prices".

After a relatively peaceful couple of days following last week's tariff-fuelled ructions, investors were once again on the defensive as a standoff between the world's top economic superpowers shows no signs of abating.

Vietnam's foreign ministry said the two countries are seeking to raise bilateral trade to $150 billion by 2030, in a "more balanced and sustainable manner".

The United States opened the door on Monday to tariffs targeting high-end technology and pharmaceuticals, feeding the uncertainty gripping the global economy in a trade war that Chinese leader Xi Jinping warned can have “no winner.”

Giordano Korea CEO sees ‘familiar signs of promise’ as he plans a factory in economic zone

The EU’s retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels said on Monday, to give time for negotiations with Washington.

Indonesia is considering boosting its US imports as it tries to narrow its trade surplus with the country as part of upcoming negotiations with Washington, chief economic minister Airlangga Hartarto said.

The dollar held steady on Tuesday, trading near a three-year low against the euro and a six-month trough against the yen, as investors trying to make sense of the constant changes to President Donald Trump’stariffs remained wary of US assets.

The lawsuit challenges Trump's April 2 "Liberation Day" tariffs, as well as duties he separately levied against China.

The shifting stances caused investors to question the safe-haven status that America has long enjoyed and sapped both business and consumer confidence

Analysts polled by AFP forecast the world's number two economy to have grown 5.1 percent from January to March -- down from 5.4 the previous quarter.

Traders gave a muted reaction to Treasury Secretary Scott Bessent's remarks Monday that a China-US deal could be done in an apparent olive branch as the two economic powerhouses trade tariff threats.

The trade war is raising fears of an economic downturn as the dollar tumbles and investors dump US government bonds, normally considered a safe haven investment.

Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent, and Beijing setting a retaliatory 125 percent band on US imports.