US Treasury Secretary Scott Bessent lashed out at a top Chinese trade official, saying he turned up in Washington recently uninvited and behaved in an “unhinged” fashion typical of Beijing’s so-called wolf warrior diplomats.

"Of course, that's a big downside risk," Bank of Thailand Deputy Governor Piti Disyatat told Reuters on the sidelines of the International Monetary Fund World Bank annual meeting

US stock futures rose slightly early Thursday as investors weighed promising corporate earnings against concerns about an escalating US-China trade war. Markets are bracing for more volatility as trade tensions between the US and China intensify.

Beijing has yet to approve the sale of TikTok U.S., increase soybean purchases or ease export controls, despite several rounds of U.S. trade talks.

China's commerce minister, Wang Wentao, said "intensive U.S. restrictive measures" rolled out after talks in Madrid in September seriously harmed China's interests and undermined the atmosphere for bilateral trade consultations.

American soybean growers across the Midwest are warning of another tough year as China’s trade freeze cuts off their largest export market and production costs soar.

Chinese leader Xi Jinping thinks the president will fold before launching new tariffs that would roil markets.

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.