Also in today’s newsletter, criminal case opened against prominent Kremlin critics and Jay Powell signals support for rate cut

Treasury Secretary Scott Bessent said he expects Trump and Chinese President Xi Jinping to still meet this month after Trump threatened to back out.

U.S. Trade Representative Jamieson Greer on Tuesday said it depended on China whether additional 100% tariffs on its exports to the United States kick in on November 1 or sooner, but acknowledged it might be hard for Beijing to find an off-ramp.

The announcement of new curbs signaled Beijing's willingness to leverage this advantage in the global supply of critical minerals.

China has banned dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean.

New US tariffs on imported timber, kitchen cabinets and upholstered furniture also came into effect on Tuesday.

BEIJING — Police in China detained dozens of pastors of one of its largest underground churches over the weekend, a church spokesperson and relatives said, in the biggest crackdown on Christians since 2018.

U.S. lawmakers and national security officials are increasingly alarmed that long-standing research ties between the U.S. and China could give China an advantage when it comes to developing new military technology.

Beijing’s new export controls on rare earths are designed to force the U.S. to drop its own restrictions on selling advanced computer chips to China, analysts say.

President Donald Trump called China's rare earth export controls a 'bad moment' as both countries navigate tensions over critical defense materials, and potential tariff increases.