Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors have welcomed an apparent softening of the White House stance on China,

American retailers are growing worried that President Trump's trade war and increased volatility will lead to empty shelves, higher prices and store closures as Chinese imports screech to a halt. Why it matters: Many retailers stocked up on inventory in the first months of 2025,

China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the two countries could be easing, though China quickly knocked down U.S. President Donald Trump's assertion that negotiations were underway.

China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the world's top two economies could be easing, though Beijing quickly knocked down U.S. President Donald Trump's assertion that negotiations were under way.

Beijing has been canvassing companies and waiving duties on American goods in sectors where it lacks alternatives.

China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses that have been notified, in the clearest sign yet of Beijing's concerns about the trade war's fallout.

Gatestone Institute senior fellow Gordon Chang joins ‘Fox Report’ to break down China’s move to waive tariffs on certain U.S. goods and analyze the broader implications of the ongoing trade battle with the Trump administration.