Chinese banks extended 280 billion yuan ($38.87 billion) in new yuan loans in April, below analysts' forecasts and plummeting from March's 3.64 trillion yuan, according to Reuters calculations based on data released by the People's Bank of China.

Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

Chinese Vice Premier He Lifeng, Beijing's lead person for trade talks with the US, said that both countries had reached a consensus in Geneva to de-escalate the 'damaging' tariff war, urging Washington to broaden the scope of cooperation between the two sides.

Brazil signed protocols with China on Tuesday to allow exports of an ethanol by-product used in animal feed, challenging U.S. dominance in the market amid the ongoing China-U.S. trade standoff.

President Donald Trump continues to forge ahead with his domestic and foreign policy agenda. Follow here for the latest live news updates.

Minnesota farmer Dan Glessing isn’t ready to get too upset over President Donald Trump’s trade wars. Farm country voted heavily for Trump last November. Now Glessing and many other farmers are taking a wait-and-see attitude toward the Republican president's disputes with China and other international markets.

China will host a summit that includes its key Latin American trade partners this week in an effort to advance influence and partnerships in the region, as Beijing and Washington work on defusing their trade war.