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The US Department of Agriculture projects that retaliatory tariffs will hurt US farmers at a time they are already struggling. Their earnings are expected to fall 6.7 percent this year to .5 billion, about half of the United States' 2013 record high.

The US should cherish the currently sound Sino-US trade relationship and economic cooperation, it said. Any unilateral practices of trade protectionism from the US are doomed to damage the bilateral economic and trade relations and corporate interests on both sides, according to a statement from the ministry.

The US stock markets had a very long and unprecedented bull run for the past 11 years. The S&P 500 index rose 4.6 times from December 2008 to February of this year. During last year alone, it rose almost 20 percent, but the epidemic has wiped out more than two years of increases.

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The US administration announced on Tuesday that goods made in Hong Kong for export to the US will need to be labeled as "Made in China" after Sept 25.

The US government then launched anti-dumping and anti-subsidy investigations on imports of aluminum foil from China.

The US Justice Department on Tuesday sued Google for alleged antitrust violations, saying it abused its dominance in online search and advertising to stifle competition and harm consumers.

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The US Geological Survey recorded the quake with a preliminary magnitude of 5.7.

The United States has imposed tariffs on imported steel and aluminum. In September, Trump slapped 10 percent tariffs on another 0 billion worth of Chinese imports. The European Union has imposed tariffs on Kentucky-made bourbon, among other products, while China has imposed tariffs on soybeans and other US goods.

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The US government has announced additional 10 percent tariffs on about 0 billion worth of Chinese goods starting from next week, pointing to escalating of trade frictions between the two nations.

The UK's Science and Technology Select Committee has confirmed it will convene an evidence session regarding Prime Minister Theresa May's reported decision to allow Shenzhen-based Huawei to supply equipment for 5G mobile and internet infrastructure in the UK.