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US President Donald Trump and the DPRK's top leader Kim Jong-un walk together before their working lunch during their summit at the Capella Hotel on the resort island of Sentosa, Singapore, June 12, 2018. [Photo/Agencies]

US President Donald Trump said the Fed has gone "crazy" raising interest rates.

US COVID-19 cases surpass 5.5 mln: Johns Hopkins University - World - Chinadaily.com.cn

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US Vice President Mike Pence addresses the Knesset, Israeli Parliament, in Jerusalem January 22, 2018. [Photo/Agencies]

URUMQI -- "Dear customer, your parcel has arrived. Please fetch it beside your flock."

US Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee in Washington DC, on Feb 26, 2019. [Photo/Xinhua]

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US House Speaker Nancy Pelosi also panned Trump's decision, calling the move "senseless".

US Secretary of State Mike Pompeo (R) shakes hands with Britain's Foreign Secretary Jeremy Hunt before their meeting at the State Department in Washington, Jan 24, 2019. [Photo/Agencies]

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US President Donald Trump speaks about legislation for additional coronavirus aid in the Oval Office at the White House in Washington, on July 20, 2020. [Photo/Agencies]

US exports to China slumped by 7 percent last year, as the trade dispute between the two countries began to take a bite, but still outpaced export growth to the rest of the world over the last decade, underlining China's important role in sustaining US jobs, according to a US-China Business Council (USCBC) report.