Another spat between the leaders of the world’s two largest economies has quickly escalated, and if President Donald Trump and Chinese President Xi Jinping don’t lower the temperature soon, both nations stand to pay an exorbitant price.

Donald Trump has sought to cool tensions with China by claiming Xi Jinping “had a bad moment” when announcing new export controls on rare earths and critical minerals.

A major shake-up rocks China’s Communist Party as President Xi Jinping expels top military generals in a sweeping purge. The Chinese Ministry of Defence confirmed that several high-ranking officials,

It’s getting difficult to keep score in the US-China trade war. Both countries are hitting each other with seemingly daily threats and harsh rhetoric, possibly to build leverage before a big potential meeting between President Donald Trump and Chinese counterpart Xi Jinping in the coming weeks.