US defence secretary Pete Hegseth urged US allies in Asia to boost defences fast, saying America is shifting its strategy to counter growing threats from China.

Official PMI remains below 50, with ‘persistently high uncertainty’ in global trade tipped to weigh on growth outlook in both US and China.

Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

China will not send its defense minister to this year’s Shangri-La Dialogue, shunning a chance to meet his US and Asian counterparts as tensions simmer with Washington.

US President Donald Trump signalled renewed trade tensions with China, arguing that China had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations.

The president's claim comes hours after US Treasury Secretary Scott Bessent stated that trade talks with China were "a bit stalled".

With increasing tension between the world’s two largest economies – over rare earth minerals, over Chinese students at U.S. universities – a look at some data points.

President Donald Trump sought to calm markets late Friday after upsetting them earlier with tough talk on China, saying he hoped to speak with Xi Jinping.

US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations.

Gold declined and the dollar advanced as traders assessed US data on consumer spending, the flow of imports and renewed trade tensions between America and China. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNow With Colorful Blocks,