China and the Philippines have each unfurled their national flags on tiny sandbars in the South China Sea, staking competing sovereignty claims in strategic waters seen as a potential flashpoint for global conflict.

The standoff over Sandy Cay, which lies close to military outposts built by both Beijing and Manila, was the latest between the two nations.

I would guess that India would be one of the first trade deals we would sign. So watch this space,” Bessent added. In addition to his assessment of the situation with China a

Secretary Treasury Scott Bessent said both the U.S. and China don’t want the trade war to escalate. However, he said it’s China’s responsibility to ensure that doesn’t happen. As the U.S. and China stare each down amid their ongoing trade war,

Good to see you. You get the best reviews in the administration outside the president. Your thoughts about the U.S.-China standoff right now? BESSENT: It's all the president, especially on the 18 important trading partners,

As President Donald Trump’s trade war locks the world’s two largest economies on a collision course, nations are being forced to choose between China and the United States

By Laurie Chen, Michael Martina BEIJING/WASHINGTON (Reuters) -When the leaders of some of the world's largest companies flocked to Beijing for a business forum last month, their main purpose was a coveted meeting with Chinese leader Xi Jinping.