The Chinese foreign ministry on Monday, said President Xi Jinping had not spoken to Donald Trump recently, nor were their respective administrations trying to strike a tariff deal. This is in contradiction to the US president’s claim in an interview with Time magazine that he and the Chinese president had spoken.

America’s decoupling from China might sting at first, but it can pay off handsomely. Wall Street still doesn’t get it.

Beijing is "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's crippling tariffs, China's Commerce Ministry said on Friday, signalling a potential de-escalation in the trade war that has roiled global markets.