President Donald Trump, speaking in the Oval Office on Wednesday, said he was not willing to pull back tariffs on China. The president also said a news of a new ceasefire and hostage deal proposal for Israel and Hamas could come in the "next 24 hours."

But behind closed doors, Chinese officials have grown increasingly alarmed about tariffs' impact on the economy and the risk of isolation as China's trading partners have started negotiating deals with Washington,

US President Donald Trump has hinted that US tariffs on goods from China may come down as top trade officials from the world's two biggest economies are set to hold talks. "You can't get any higher. It's at 145,