President Donald Trump says "there seems to be no reason" to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a "massive increase" of import taxes on Chinese products in response to Xi's moves. Trump says one of the policies the U.S. is considering is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.

President Donald Trump has sparked backlash from some members of his loyal base by saying his administration would allow 600,000 Chinese students into American universities. That would be a departure for the administration after it's added new vetting for student visas, moved to block foreign enrollment at Harvard and more. The State Department said in May that it would revoke visas for students tied to the Chinese Communist Party and boost vetting of new applicants. Trump's announcement Monday adds to confusion about the administration's restrictive visa policies and its approach to China as the superpowers tussle over trade and intensifying tech competition.

\Top trade officials from China and the United States have launched a new round of talks aimed at easing tensions over tariffs. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in Sweden on Monday. Analysts say the two days of talks between the world's two biggest national economies could set the stage for a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this year. The Stockholm meeting is set to extend a 90-day pause on higher tariffs. The Trump administration also wants to reduce its nearly $300 billion trade deficit with China.

President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world's two biggest economies. In return, Trump said, the U.S. will stop efforts to revoke the visas of Chinese nationals on U.S. college campuses. Details remain scarce. Trump didn't fully spell out what concessions the U.S. made. Beijing has not confirmed what the negotiators agreed to, and Chinese President Xi Jinping and Trump himself have yet to sign off on it. What Trump described as a "deal'' is actually less than that: It's a "framework'' meant to set the stage for more substantive talks.

China has blasted the U.S. for issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas. The Commerce Ministry said the moves "seriously violate the consensus" reached at talks last month in Geneva when the nations agreed to radically reduce astronomically high tariffs on each other's exports. China threatened unspecified retaliation in the statement issued Monday. Both countries are in a race to develop advanced technologies such as artificial intelligence, with Washington seeking to curb China's access to the most advanced computer chips.

A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology. DeepSeek's AI assistant became the No. 1 downloaded free app on Apple's iPhone store Monday, propelled by curiosity about the ChatGPT competitor. Part of what's worrying some U.S. tech industry observers is the idea that the Chinese startup has caught up with the American companies at the forefront of generative AI at a fraction of the cost. But hype and misconceptions about DeepSeek's technological advancements also sowed confusion.

The U.S. Drug Enforcement Administration is closing two of its offices in China, a move that comes even as the agency struggles to disrupt the flow of precursor chemicals from the country that have fueled a fentanyl epidemic. DEA Administrator Anne Milgram told agents last week that the closings are aimed at focusing resources to "make the biggest impact in saving American lives." DEA did not respond to requests for comment on the reasons for the China closures and how that would affect its efforts to fight the flow of fentanyl.