Vice President J.D. Vance reportedly said the U.S. and U.K. are currently "working very hard" on a trade deal and that there's a "good chance" the two sides will come to an agreement.

China is facing a double whammy: corrosive deflation and tariffs that threaten to block trade. Chinese workers will be the biggest casualties.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies further escalate uncertainty.