Chinese President Xi Jinping has announced a new plan to counter the tariffs imposed by the Trump administration. A meeting was held this Friday by the Politburo to address the country’s economic situation,

President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism about a trade deal.

President Donald Trump overestimates U.S. influence in his clash with China and underestimates it in his dealings with Russia, analysts say.