China's commerce ministry's remarks came a day after its foreign ministry said that it would protect its 'national interests' after Trump's tariff threats.

Two Iranian cargo vessels carrying an ingredient for missile propellant will sail from China to Iran in the next few weeks, the Financial Times reported on Wednesday, citing intelligence from security officials in two Western countries.

Chinese products will soon face a 10% tariff coming into the United States in a move that could ramp up conflict between the world’s two largest economies.

Rubio's appointment as secretary of state has been seen as sign that Trump plans to maintain a hard line on China.

Fortunately, Singapore Prime Minister Lawrence Wong thought a full split was unlikely: "I can’t see how a full decoupling can happen at this stage."

The document suggests that the US will prioritize ensuring that trade serves its national interests, particularly reviewing the China-US trade agreement to evaluate whether it aligns with American economic interests.

In China, Apple’s second largest market, iPhone sales fell 18% in the December ending quarter, according to Bloomberg.

Whether it is over TikTok, fentanyl or trade, Beijing might welcome a compromise to buy time to address its ailing economy and bolster its position globally.

China, the world's biggest soybean buyer, has stopped receiving Brazilian soybean shipments from five entities after cargoes did not meet phytosanitary requirements, two sources with direct knowledge of the matter told Reuters on Wednesday.