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The UAE financial community will observe the impact of the shockwaves on global trade as China has emerged as the Gulf state's biggest non-oil trade partner, said Saidi.

The United States maintains roughly 13,000 troops in Afghanistan, which mostly provide training missions to local Afghan forces while conducting counterterrorism operations.

The US Federal Reserve has slashed interest rates to encourage spending and investment. The result has been record-low mortgage rates and lower interest rates on credit card debt.

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The US?steel and aluminum tariffs were imposed early on Friday after Canada, Mexico and the EU refused to accept quotas in negotiations with US?Commerce Secretary Wilbur Ross. Japanese metal producers have been paying the tariffs since March 23.

The USTR announced on July 10 plans to impose 10 to 25 percent tariff on an additional 0 billion worth of Chinese imports. That list does not include medical devices, but some parts and materials.

The US attorney for the Southern District of New York said a 30 milligram oxycodone tablet has a street value of to . At the high end of the range, a prescription for 120 tablets would net ,600 in illegal sales of the drug.

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The US top diplomat also noted that this announcement should not be viewed as the US government "addressing or prejudging the ultimate status of the West Bank." "This is for the Israelis and the Palestinians to negotiate," he said.

The US government rejected a merger by China's Ant Financial with US money transfer company MoneyGram International Inc over national security concerns last week.

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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 United States on Monday removed the label of "currency manipulator" from China, a move experts said is "just recognizing reality" and will be welcomed by investors.