Just weeks ago, markets rejoiced as a de-facto trade embargo between the world’s two largest economies was called off — with US President Donald Trump declaring a “total reset” with China. Yet, the reality of that reset is starting to look awfully familiar.

China sharply criticises the USA for tightening chip export controls. Beijing responds to Trump's accusations of breaching the trade agreement, while American restrictions hit Nvidia and other companies in the semiconductor industry.

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.

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

China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.

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.

China issued a blistering response after U.S. Defense Secretary Pete Hegseth said "the threat China poses is real."

US President Donald Trump intensified trade tensions with China by abandoning his 'Mr. Nice Guy' approach, accusing China of violating trade agreements. Despite recent tariff adjustments and talks with President Xi Jinping,