China
The Trump administration threatened tariffs and retaliatory measures to pressure China and vulnerable countries over shipping-emissions votes, reshaping soy markets and prompting Brazilian farmers to lobby to loosen deforestation rules.

The IMF said the global economy remained "in flux" and warned that US–China trade tensions and new US tariffs under Trump posed significant downside risks to growth.

U.S. officials warned that China's restrictions on rare-earth exports were harming global supply, imperiling German industry, and a study said they threatened about one million jobs.

Global stock markets rose after Federal Reserve Chair Jerome Powell signaled possible further interest-rate cuts, lifting U.S. futures and Asian bourses despite ongoing U.S.–China trade tensions.

The United States and China began collecting port fees on each other’s vessels, expanding their trade war into maritime commerce as both governments implemented reciprocal charges.

Food prices fell in September, with Sweden recording a 0.8% monthly drop and China’s consumer prices retreating more than expected amid weak domestic demand and deflation risks.

French luxury group LVMH unexpectedly posted third-quarter revenue growth, sending its Paris-listed shares up about 13% Wednesday after stronger sales led by Sephora and China.
