China has reported its economy showed signs of slowing in July as factory output and retail sales slowed while housing prices fell further.

A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended.

The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, a White House official told CNN. Without the agreement, tariffs were set to immediately surge,

Treasury Secretary Scott Bessent said the U.S. is "very happy" with the current tariff situation with China, indicating there likely won't be any immediate changes to the trade truce between the two countries.

Scott Moe, premier of the western Canadian province of Saskatchewan, said on Thursday that he would travel to China soon for talks on persuading Beijing to drop its new tariffs on canola. China hit Canadian canola seed imports with preliminary 75.

New bipartisan legislation aims to get “skin in the game” on trade and tariffs. The post Lawmakers take on China with new tariff bill appeared first on FreightWaves.

Scott Moe's office says the six-day trip, starting Sept. 6, will be the first time in six years that a Canadian premier has led a trade mission to China.

Chinese Ambassador Xu Feihong said that the US had long benefited from free trade but was now using tariffs as bargaining chips. He stated that the US had imposed tariffs of up to 50% on India and that China firmly opposed it.