International finance chiefs are returning home with a measure of relief over the surprising resilience of the global economy to the cascade of policy shocks through the first nine months of Donald Trump's second U.

As far as China is concerned, America started it. Earlier this week, US Treasury Secretary Scott Bessent blamed Beijing for the most recent blowup of ongoing efforts to resolve the trade war triggered by President Donald Trump.

US and China trade tensions once again escalated after world’s two largest economies imposed port fees on each other’s carriers.According to Reuters, in the latest development, China and the United States on Tuesday,

The head of the World Trade Organization said warned that a decoupling by the world's two largest economies could reduce global economic output by 7% over the longer term.

US stock futures rose slightly early Thursday as investors weighed promising corporate earnings against concerns about an escalating US-China trade war. Markets are bracing for more volatility as trade tensions between the US and China intensify.

The US-China trade war needle is pointing toward red again after Beijing sanctioned American entities of a South Korean shipping giant and threatened more retaliatory measures in response to US curbs on its own shipping sector.

New Zealand Finance Minister Nicola Willis said regional and bilateral trading relationships will continue to strengthen against the backdrop of the worsening U.S.-China trade war, as small countries like hers adjust to a new reality and hold fast to priorities such as fighting climate change.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.