The US has eased export restrictions on China for chip design software and ethane, a sign that trade tensions are calming

President Donald Trump’s new trade deal with Vietnam sends a clear signal about where US tariffs on Chinese goods might ultimately land, as talks between Washington and Beijing continue following their recent truce.

President Trump said his administration will begin notifying several of its trading partners of unilateral tariffs as high as 70%, escalating trade tensions as markets closed for the July 4 holiday. “We’re going to start sending letters out to various countries starting tomorrow,