Chinese authorities are considering suspending the 125 percent tariff on some goods imported from the United States, according to people familiar with the matter, as reported by Bloomberg. The economic toll of the trade war is particularly burdensome on certain industrial sectors.

It now sees Singapore economy growing 2 per cent, down from its previous forecast of 2.5 per cent. Read more at straitstimes.com. Read more at straitstimes.com.

The trade war with China is "unsustainable" in its current form, Treasury Secretary Scott Bessent said Wednesday, though there were mixed messages from the administration about whether the U.S. would move unilaterally to reduce tariffs.