After a year of upheaval, China and the US have settled into an uneasy but enduring truce. However, unresolved political, regulatory, and security tensions continue to shape the outlook for the year ahead.
On December 31, 2025, Trump signed a proclamation delaying the increase in tariffs on upholstered furniture, kitchen cabinets, and vanities for another year.
US–Vietnam trade continues to grow, with key states leading most of the activity. Vietnam depends on US exports for production inputs, forming an integrated trade network supported by major transport hubs.
The current landscape of US-China tariff rates is complex, with multiple overlapping trade measures in effect. This article explains which tariffs apply in 2025 and how they intersect.
2024 trade data highlights uneven state-level exposure to China and underscores how shifting trade dynamics create varying levels of economic impact across the country.
The meeting in Busan produced a series of trade de-escalation measures, including tariff reductions and the suspension of rare earth export controls and port fees, offering temporary relief to businesses.
China has imposed new restrictions on the export of certain rare earth products, extending oversight to items produced abroad using Chinese technology and materials, potentially further disrputing global supply chains.
To avoid origin violations, foreign businesses sourcing from China can legally route goods through ASEAN by ensuring substantial transformation, accurate origin labeling, and thorough documentation.
Chinese exports to the US have dropped significantly in 2025 as Trump's tariffs begin to bite. We examine the latest trade data and discuss the possible trajectory of US-China trade.