Trade War

Global trade flows tumbled in the first quarter, a preview of what could be the largest contraction in international commerce in decades, as the coronavirus pandemic causes policy makers and multinationals to reconsider globe-spanning supply chains that have become a defining feature of the world economy.

Beijing is lagging in crop purchases it promised to make under a trade deal with the Trump administration.

As tensions continue to rise between the United States and China on everything from trade to coronavirus related actions, some American companies are concerned about being caught in the crossfire. Despite being a major supplier of chips for smartphones made in China, Qualcomm's leadership believes the company is in a good position.

Premier Li Keqiang abandoned the country's annual gross domestic product target for the first time in more than a quarter-century, citing "factors that are too difficult to predict."

The U.S. and China are making progress on the phase one trade deal reached earlier this year.