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The US trade deficits with China continue to rise, while China is importing more American goods than before, Fortune said.

The United Kingdom government has identified China's offshore wind boom as a huge opportunity for Britain, which is home to the most developed offshore wind industry in the world.

The US Trade Representative's office released late Monday a list of EU products it would tax in anticipation of a ruling by the World Trade Organization this summer.

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The US Treasury removed India from the watch list, while it added Singapore, Malaysia and Vietnam.

The US lifted a 40-year old ban on oil exports two years ago, as its production levels rose to their highest in decades, boosted by surging new shale oil and gas output.

The US investment bank pointed out that the US tactics create risks of escalation with the Trump administration appearing to believe it can achieve a settlement through aggressive tactics, like tariffs, while limiting interim economic damage.

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The United States should unconditionally return to the Iran nuclear deal as soon as possible and lift its sanctions on Iran and third-party entities and individuals, State Councilor and Foreign Minister Wang Yi said.

The US government, unlike those in Europe and many Asian nations, has been criticized for doing a poor job in helping people adversely affected in the globalization process.

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The US should recognize China's developmental economic model, and China should open its market much more, while establishing a fair business environment in which foreign companies can compete, suggested Kuhn. He acknowledged China's efforts in protecting intellectual property and its pledges not to require US companies to transfer technology.

The U5 is aimed at the general consumer, said Alexander Klose, executive vice-president of overseas operations at Aiways.