Last week we explained how the escalating trade war between the US and China has gradually transformed into a theatrical war of who has the upper hand on any given day. And since it takes a long time for trade obstructions to hit the underlying economy, investors are keenly eyeing the stock, and especially FX, markets for any and every (early) indications of who has the upper hand (even if they are, as we show below, completely false).

Around the close of Hong Kong trading hours, Beijing retaliated against President Trump's tariffs by hiking levies on U.S. goods to 125%, up from the prior 84%. In a notable shift, the Chinese Communist Party announced it would "no longer respond" to any further tariff increases from Washington.

For a few hours it seemed like we could even stabilize, if only a bit, ahead of today's scheduled main event: the March jobs report at 8:30am ET. And then all hell broke loose at 6:08am when this Bloomberg headline hit:

The access would be a major expansion of Elon Musk’s government role and highlight his conflicts of interest.

Russian President Vladimir Putin on Monday backed a suggestion by US counterpart Donald Trump for Russia, the United States and China to all cut their defence budgets in half.

(Reuters) -Chinese state-sponsored hackers breached the U.S. Treasury Department's computer security guardrails this month and stole documents in what Treasury called a "major incident," according to a letter to lawmakers that Treasury officials provided to Reuters on Monday.

First, she threatened counter-tariffs...

Airfields are few and far between across the vast reaches of the western Pacific Ocean. Every strip of concrete capable of launching and landing military aircraft is precious. And that’s why, in October, the US Army practiced seizing a Pacific airfield.

Since at least 2016, foreign interference in American elections and civil society have become central to American political discourse. The issue is taken extremely seriously by the U.S. government, which has levied sanctions and called out foreign adversaries for sowing “discord and chaos” through their propaganda efforts.

MOSCOW (Reuters) - Russia said on Wednesday that its partnership with China was not aimed against third countries but the two powers could "combine potential" if faced with a threat from the United States.

Russia launched its largest navy drills of the post-Soviet era on Tuesday alongside Chinese warships, the latest sign of deepening military cooperation between the two global powers. The drills will continue until September 16 and will involve more than 400 warships, submarines and other maritime vessels.

Chinese leader Xi Jinping met with US National Security Adviser Jake Sullivan on Thursday at the end of the latter's three day trip to Beijing, which is a first such trip for a sitting US national security adviser in eight years.

A Chinese military aircraft was confirmed for the first time to have violated Japanese territorial airspace on Monday morning, the Defense Ministry in Tokyo said, with Japan strongly protesting the move.

Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.

Chinese scientists have made an unusual discovery while analyzing the sample Chang'e-5 collected from the Moon's surface in December 2020.

Despite myriad provocative US policies, the Chinese leader told the EU Commission president he won’t take the bait

At the height of the COVID-19 pandemic, the U.S. military launched a secret campaign to counter what it perceived as China’s growing influence in the Philippines, a nation hit especially hard by the deadly virus.

Peru—In this serene town on South America’s Pacific coast, China is building a megaport that could challenge U.S. influence in a resource-rich region that Washington has long considered its backyard.

It looks like something out of the dystopian show “Black Mirror,” but it’s just the latest adaptation of robotics for the modern battlefield.

AFTER 166 days circling Earth, China's secret spaceplane has ejected an unknown object into orbit, according to reports.