China's trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald Trump's onslaught of higher tariffs.

The president said that Nvidia would pay the government in exchange for easing export restrictions — and that he'd initially asked for a larger cut.

President Trump's executive order extends a reprieve from the threat of rising tariffs between the world's two largest economies.

The announcement on Canada follows a flurry of updates around trade talks and a suggestion by President Trump that the upcoming July 8 deadline for countries to make deals with the U.S. is moveable.

After talks in London this week, the two countries say they're largely going back to a framework they already agreed on in May.

After two days of talks in London, the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month, Chinese state media said.

Developing countries owe billions to China, which threatens to undermine poverty reduction efforts and fuel instability, according to a new report from Australia's Lowy Institute.

U.S. levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.

Treasury Secretary Scott Bessent said details will be released Monday after a weekend of talks in Switzerland.

Trade negotiators from the U.S. and China are starting talks this weekend in Switzerland. These are the first high-level trade talks between the two countries since President Trump returned to the White House.

Shein and Temu goods might not be so cheap anymore. Starting today, the U.S. will start collecting import fees on small packages from China, much of which comes from Chinese e-commerce sites.

NPR's Steve Inskeep visited the source of your stuff. And heard how China's manufacturers are handling U.S. tariffs.

China will impose additional tariffs of up to 15% on imports of U.S. farm products, including chicken, pork, and soy. They follow Trump's order to raise tariffs on imports of Chinese products to 20%.

Former President Donald Trump thumps Vice President Harris in name recognition and cache, but analysts say Beijing sees both as bad news.

Treasury Secretary Janet Yellen is on her way to Beijing for talks with her Chinese counterparts. The meeting comes at a tense time, with tit-for-tat trade restrictions and rising strategic frictions.