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The US stock market bubble that's built up in past years will be punctured. The upcoming trade war will intensify Wall Street's anxiety and cause the market to dive.The reasons that Wall Street objects to Trump's protectionism policy are not only to preserve free trade, but also to keep their profits. In the US, almost all large multinationals are listed on the stock markets. Nearly 40 percent of profits of the companies on the S&P 500 are from areas outside of the US. These companies' profits will be reduced, or even wiped out, to result in shaking the cornerstone of the stock market once the trade war has started.

The United States has recorded more than 9.37 million confirmed COVID-19 cases and over 232,000 deaths as of Tuesday afternoon, according to the real-time count kept by Johns Hopkins University.

The UK has seen the third-highest number of deaths globally from the coronavirus pandemic, its GDP contracted by 20.4 percent in April and the country may fail to reach a trade deal with the European Union by its self-imposed deadline of the end of this year.

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The UK finance ministry has formed the BRI Expert Board, chaired by Flint, and it will generate Belt and Road policy recommendations and help crowd-in private sector capital and expertise at scale.

The US was China's second-biggest source of phenol imports in 2018, and South Korea was the top contributor to China's phenol import volumes, according to ICIS, a petrochemical market information provider.

The UN is ready to work with China and other countries in safeguarding the rules-based international order, promoting free trade under the framework of international laws and WTO rules, and boosting economic globalization that is inclusive and beneficial for everyone, she said.

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The United States should take measures to reduce its demand for drugs and intensify its law enforcement, rather than simply claim that China is the major source of the chemicals, a senior Chinese drug control official said on Thursday.

The US-China economic relationship continues to thrive, and Jianying Cindy Ye has statistical proof from her shipping business.

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The U.S. lawsuit claims Amazon is abusing its “monopoly power” in violation of the Sherman Antitrust Act. Were it not for the terms Amazon requires, prices for consumers would be lower in the e-commerce market, the plaintiffs claim.

The US tariff moves, Ning said, have certain influence on China's economy, but "the overall impact are under control." China has taken a series of measures to resolve the impact of the Sino-US trade friction on the nation's economy.