NPR reported that the company would be allowed to keep selling chips used for artificial intelligence tools to China. After NPR's reporting, the Trump administration reversed course.
Growth was driven partly by strong industrial activity and exports, before President Trump's punishing tariffs. Experts say these levies will hurt China's growth this year.
Hong Kong is caught in the middle of the trade disputes between the U.S. and China despite being a free port. The former British colony has trade and customs policies different from mainland China's.
As the country faces slowing economic growth and a trade war with the U.S., China has taken pains to reassure entrepreneurs by telling them they can start businesses, create jobs and benefit society.
China signals the latest tariff hike will be its last round of tit-for-tat measures, prompting sharp falls in European shares, as Asian stocks end the day mixed.
Chai Jing's interviews appear to strike a chord back home in China, even as YouTube is blocked in the country and popular platforms have deleted videos repackaging her show.
Trump announced a 90-day pause on most country-specific tariffs, but left other duties in place. Here's a look at where things stand and what could happen next.
The president announced he would raise tariffs on China to 125% "effective immediately" but said he was pausing big hikes on other U.S. trading partners to allow time for trade negotiations.
The White House was expected to ban sales of the high-performance AI chip to China. Chinese companies had been stockpiling the chip but now the Trump administration is backing off.
Trump said on Truth Social he would impose the new tariffs on China if Beijing did not retract a 34% retaliatory tariff on U.S. goods that it announced in response to Trump's initial salvo last Wednesday.
Shares nosedived around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs. Trump has defended the tariffs: "You have to take medicine to fix something."
China launched major military drills around Taiwan on Tuesday, simulating attacks and maritime blockades, in what Beijing called a warning after Taiwan's president labeled China a hostile foreign force.
