In the final year of Trump's term, the two nations agreed to a truce, signing a trade deal that scrapped some tariffs and reduced others. China also agreed to purchase an additional $200 billion in U.S. goods and services — a pledge it failed to fulfill.

In one of their most dovish statements in more than a decade, Chinese leaders signalled on Monday they are ready to deploy whatever stimulus is needed to counter the impact of expected U.S. trade tariffs on next year's economic growth.

China's exports continued to grow in November as shipments to Southeast Asia and the United States increased. The expansion comes less than two months before President-elect Donald Trump returns to power with a plan to ramp up import tariffs.

China remains a top trade partner, even as imports from other countries grow.

China's exports slowed sharply and imports unexpectedly shrank in November, in a worrying sign for the world's No. 2 economy as Donald Trump's imminent return to the White House brings fresh trade risks.

The president-elect said that he would impose the across-the-board tariffs on Day 1 and that they would stay in place until Canada, Mexico and China halted the flow of drugs and migrants.

China’s Politburo — the top leadership cabinet — said Monday it would take “more proactive” fiscal measures and loosen up its monetary policy in 2025 as it aims to boost domestic consumption.

China's exports grew at a slower pace in November than the previous month, while imports shrank, signalling concerns for the world's No. 2 economy as U.S. President-elect Donald Trump's imminent return to the White House introduces new trade risks.

Beijing has already announced more than $2 trillion in stimulus, but many analysts think it hasn't gone far enough.China' s economy is still struggling to recover from the pandemic, nearly two years after Beijing dropped its draconian zero-COVID lockdowns.