China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect.

China reports its economy expanded at a 5.4% annual rate in January-March, before some US tariffs took effect.

China has reported that its economy expanded at a 5.4% annual pace in January-March, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese exports

But shares in TSMC, the world's largest contract chipmaker have slipped, after US President Donald Trump said he would announce a tariff rate on imported semiconductors over the next week. He did add however, that there would be flexibility on some companies in the sector.

Confusion over President Donald Trump’s tariffs remains following a weekend of questions around trade in consumer electronics. On Friday the Trump administration paused its new taxes on electronics imported into the U.

Stocks are rallying worldwide after President Donald Trump relaxed some of his tariffs and as stress from within the U.S. bond market seems to be relaxing.