China’s defence minister Li Shangfu appealed for the two superpowers to seek common ground and cooperation, at an Asian security summit

The firm said it was now "out of crisis mode” following years of painful US curbs and sanctions that blitzed its telecoms business

A week after it first entered US airspace, the Chinese ‘spy balloon’ was sent crashing into the Atlantic dragging with it nascent optimism for a Sino-US detente

The decision signals a degree of renewed cooperation between the world's two largest economies which are locked in a heated trade and technology war

The Biden administration had been mulling over whether to scrap some tariffs in a bid to ease inflationary pressures in the US

President Joe Biden is unlikely to announce a decision until after he speaks to Chinese leader Xi Jinping - a planned call that is yet to be scheduled, his chief spokeswoman said

Inflation is "scary" and hurting Americans financially but is a complicated issue with many causes, Katherine Tai said in remarks to the Washington International Trade Association

It may make sense to weigh lifting tariffs on products including household goods and bicycles, said Commerce Secretary Gina Raimondo.

Deputy US Trade Representative Sarah Bianchi said Washington would address long-term challenges from China and develop "a tariff structure that really makes sense"

His comments followed a statement by White House press secretary Jen Psaki on Monday that the US is studying the inflationary impact of tariffs

The review is also looking at China's behaviour in global markets, the impact of tariffs on wages, job opportunities and America's competitive edge, but inflation may be a factor for midterm polls.

Deputy national security adviser Daleep Singh said many tariffs imposed during Donald Trump's presidency served no strategic purpose