President Donald Trump will announce a $12 billion farm aid package to support U.S. farmers amid ongoing trade negotiations with China and tariff concerns.

We’re now starting to see a second China shock play out, one that looks different. This time, barred from the U.S. market by tariffs, and unable to sell enough to consumers at home, China is redirecting more of its exports to developing countries. It’s also setting up its own factories in some of these countries.

China’s factory activity contracted for the eighth straight month in November, according to an official survey on Sunday, underscoring challenges for the country’s economy despite the U.S.-China trade

U.S. trade with China needs to be balanced and probably needs to be smaller, U.S. Trade Representative Jamieson Greer said on Thursday, adding that he viewed a 25% drop in goods trade with China as heading in the "right direction.

Senior US and Chinese officials spoke about maintaining cooperation on trade, the latest sign of warming relations between the world’s two largest economies.

China's exports rebounded in November after a surprising fall the previous month, while imports grew at a slower pace, customs data showed on Monday. Exports, measured in US dollars, rose 5.9% from a year earlier,