"The second round of the trade war between America and China will have a ripple effect on the global economy. Other countries and regions are cautious and watchful by not being on the bad books of China and the US.

China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that US President Donald Trump is serious about resolving the trade war between the two countries. A Chinese official said there had been no trade talks with the US, despite suggestions otherwise from the Trump administration.