Here’s what to know:

China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.

Rachel Reeves, the chancellor of the Exchequer, broke down public spending plans, including more money for the military, public transport and affordable housing.

Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country […]