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The US approach in trade made German Chancellor Angela Merkel lament on Monday that international agreements and institutions are being weakened while warning against protectionist instincts that might endanger open markets.

The United States and China have the most millionaire households in the world, the report said. The US has nearly 7.1 million and China is second with 2.1 million.

The UK has always upheld openness, inclusiveness, free trade and cooperation. I hope and believe that the UK can resist external pressure and continue to provide a just, fair and transparent business environment for Chinese companies.

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The US stock market took a hit after the announcement. But on Monday, the Dow Jones Industrial Average closed 336.70 points higher at 24,874.76 amid sentiment that Trump may change his mind under the mounting pressure, especially from his own Republican Party and the US business community. Trump is known for changing his rhetoric from time to time, from the Korean Peninsula to gun control.

The US business circle sincerely hopes to resolve structural problems in bilateral economic and trade relations through pragmatic dialogue and constructive ways including promoting discussion and signing of bilateral investment agreements, said the US side.

The US government declared Monday that China is manipulating its currency and will engage with the International Monetary Fund to "eliminate the unfair competitive advantage" for Beijing, US Treasury Secretary Steven Mnuchin said in a statement. The US last accused China of currency manipulation in 1994.

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The United States government's latest argument in the case, outlined in a court filing last week, suggests that the Trump administration believes it may not have to produce conclusive evidence of past wrongdoing by Huawei to uphold at least some of its actions.

The United States has repeatedly used visa issuance to block or delay access of member states or civil society to UN activities.

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The United States said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers.

The United States has repeatedly warned Turkey against purchasing Russian S-400 system. Last month at the Munich Security Conference, Vice President Mike Pence said that the United States "will not stand idly by while NATO allies purchase weapons from our adversaries."