The United Nations Security Council on the same day held an emergency meeting over the missile attack at Russia's request but failed to approve a resolution condemning the bombardment.
The US' most important foreign relationship right now is with China, Thilo Hanemann, research director at the Rhodium Group, said during a panel discussion at the reception. To alleviate tensions, the world's two largest economies need to strengthen communication, he added.
The US ethanol industry has been able to offset a tariff-induced drop in exports to China, with experts saying that China's burgeoning demand will ensure it remains a desirable market.
The US Navy said last week it had removed the two senior officers and the senior enlisted sailor on a US warship that almost sank off the coast of Japan in June after it was struck by a Philippine container ship.
The United Nation's Intergovernmental Panel on Climate Change also estimated that planting trees on 1 billion hectares of land (roughly the same amount as the total suggested in the study) would prevent average temperatures from rising by 1.5 C by 2050.
The US president also noted that the deal will create 70,000 jobs in the United States.
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The USTR office will accept public comments and hold hearings on the tariff plan from Aug 20-23 and is expected to reach a decision after Aug. 31.
The UN Human Rights Council has adopted a resolution introduced by China that calls for nations to uphold multilateralism and work together to promote mutually beneficial cooperation.
The United States has reached agreements with China on final details of a protocol to allow it to export beef to China, the US Department of Agriculture said on June 12.
The US company on Tuesday unveiled what it claims to be the "world's first dual-screen design" to satisfy growing demand from over 619 million gamers in China.