Australian Prime Minister Anthony Albanese leaves for Shanghai on Saturday on an official visit to China where regional security tensions and efforts to grow economic ties are likely to dominate talks.

The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.

The total value of goods exchanged between the US and China plunged below 2020's pandemic era low in the second month of the new tariff war between two nations.

China's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause a sharp

China's June new yuan loans tripled compared with a month ago, likely supported by front-loaded public funding and strength in corporate loans against the backdrop of a sustained trade truce between China and the United States.

Its new deal with Vietnam and its fresh tariff threats issued to many other countries seem designed to reduce China’s role in their supply chain. Countries that had hoped to stay out of the new cold war now fear they are being forced to pick a side. To appease the world’s biggest market, they must anger the world’s biggest trader.

The U.S. pork industry exports about 55 percent of pork offal, sometimes called pork variety meats, to China, according to the National Pork Producers Council. These are the internal organs of hogs, like the kidneys, liver and tongue, which are commonly used in Chinese dishes but are not a part of most American diets.

The U.S. gets almost all of its fireworks from China, and the industry is warning that tariffs on Chinese imports could limit supply and send prices soaring.

Trade negotiations between the US and China are progressing slowly, potentially leading to an extension of tariff deadlines. China's dominance in rare earth processing, crucial for electric vehicles and clean energy,