Jokes and memes have proliferated on social media in China, which is trying to promote the perception that it has the upper hand in its trade impasse with the U.S.

US and China tariff tensions continue to dominate the focus as Wall Street has pinned its hopes on signs of a thaw. On Friday, reports emerged that China quietly rolled back tariffs on some US ...

Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.