The United States continues to tighten restrictions on China in the high-end technology sector. As of May, more than 300 companies and institutions in China had been included in the so-called entity list. At the same time, Chinese companies that want to invest in the US are subject to stringent and harsh scrutiny by the Committee on Foreign Investment in the United States.
The US-China trade conflict is putting economic integration and cooperation at risk not only between the two countries but in the wider Asia-Pacific region, an expert said at a university forum.
The US gross domestic product, the total value of goods and services produced in a year, grew to an estimated .25 trillion in 2019, up from .49 trillion in 2018, according to government figures.
The United Nations' human rights office on Wednesday said it is deeply concerned by the presidential pardons for the four security guards.
The United States formally withdrew from the Intermediate-Range Nuclear Forces (INF) treaty with Russia on Aug 2, which was signed by the former Soviet Union and the United States back in 1987.
The US economy contracted at an annual rate of 5 percent in the first quarter this year, according to the Commerce Department. That figure, however, still does not fully capture COVID-19's economic damage, and many analysts believe that the decline in the second quarter is expected to be much deeper.
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The United States is a world important oil producer in the past years with the help of its shale oil production growth. Meanwhile, China has become one of the biggest oil importers.
The UK Recovery Trial paused briefly before proceeding after making safety checks. But on Friday, leaders of that study, the largest so far to put hydroxychloroquine to a strict test, halted the trial after it found that the drug was "useless" at treating COVID-19 patients.
The UN right chief stated that several UN human rights bodies have found that the detention of migrant children may constitute cruel, inhuman, or degrading treatment that is prohibited by international law.
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.