The International Monetary Fund edged up its 2025 global growth forecast on Tuesday as tariff shocks and financial conditions have proven more benign than expected, but warned that a renewed U.S.-China trade war threatened by President Donald Trump could slow output significantly.

China holds an unexpectedly strong hand in the trade war, and the U.S.’s tariffs have been counterintuitively positive for China.

Since Beijing announced a new visa to attract young science and technology graduates, a backlash has erupted online, forcing the government to respond.

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.

China's Commerce Ministry says it has banned dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean.

Shares of U.S. rare earth miners rallied in premarket trade on Tuesday, extending sharp gains from the previous session.

U.S. stock futures were back in the red Tuesday morning as global equity markets were caught up in another selloff. S&P 500 futures were off by 66 points, or 1%, at 6,627. Nasdaq-100 futures were off by 317 points,

Japanese shares sank on Tuesday after a long weekend, clocking their sharpest one-day drop since April, as investors fretted over uncertainty surrounding the country's next premier and persistent U.S.