Việt Nam’s textile industry faces many difficulties with both export and production on the decrease due to effects of an intensified China-US trade war, said industry experts.

It’s premature to pop any champagne for a U.S.-China trade deal. President Donald Trump says a partial pact with Beijing includes up to $50 billion in agricultural purchases.

A partial United States (US)-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny issues for later, analysts said, allowing both economic powers to claim success.

China’s yuan exchange rate rose sharply on Thursday as the possibility that a currency pact could be included in a small-scale trade deal between China and the United States helped fuel optimism ahead of talks resuming in Washington.

The U.S. and China could reach a “fragile agreement” when their officials meet to discuss trade in Washington this week, according to an analyst from political risk consultancy Eurasia Group.

The U.S. government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week.

WTO cuts global trade forecast to lowest in decade amid China-US tariff war The ongoing trade war between the world’s two biggest economies has led WTO economists to have a gloomier growth outlook for global trade this and next year, downgrading previous expectations.

US imports from China fell 12.5 per cent for the year until the end of August, the US Census Bureau said on Friday, while purchases from Mexico – the second-biggest supplier of goods to the United States – posted the biggest increase.

The U.S. Commerce Department slapped more duties on wooden cabinets and vanities from China in a sign of the challenges awaiting negotiations when the two countries resume trade talks next week.

The World Trade Organization has sharply cut its forecast for this year's global trade growth due to the US-China trade dispute and other factors.