How, then, to explain the resilience of China’s exports in the turmoil of the global trade war? Some companies have been “front-loading”, or shipping extra goods to America, on fears that the truce will not hold and levies will increase further later.

American companies in China are reporting record-low investment plans and declining confidence in profits this year. A survey by the U.S.

Swedish engineering group Trelleborg missed market forecasts for second-quarter core earnings on Thursday, as U.S. President Donald Trump's trade war made customers cautious to place new orders, although it said business activity improved towards the end of the quarter.

ASML Holding NV’s clients are more worried about the global trade war now than they were in April, Chief Financial Officer Roger Dassen said, as the Dutch firm blamed tariffs for clouding its sales outlook next year.

Recent headlines including President Trump's 50% tariff on copper and the Pentagon's deal to buy a stake in rare earth elements miner MP Materials highlight the importance of the metals market in the trade war.

Goldman Sachs reported its best-ever quarter for stock trading. Wall Street banks have posted mostly strong results for the second quarter.

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European countries should do everything they can to avoid a trade war with the US, said Italian Prime Minister Giorgia Meloni.

The Lone Star State sells about $100 billion of goods and services to Europe each year, more than any other state.

State officials from the Department of Employment and Economic Development said they’re keeping a close eye on federal policy impacts to the local job market.