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The United States took a "very hostile attitude" towards the protests and even threatened demonstrators with violence, he said, which he believes is also regrettable.

The United States became a net exporter of petroleum products in 2011 and natural gas in 2017. In 2017, the United States was also a net exporter of coal, coal coke, petroleum products and biomass, but remained a net importer of crude oil.

The UN Security Council unanimously adopted a new resolution on Tuesday imposing new sanctions on Pyongyang, including limiting its oil imports, banning its textile exports and restricting overseas firms from hiring DPRK citizens.

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The UBS Securities report contended that if consumption and retail sales weaken due to the spread of the virus, monetary easing may step up and drive lending rates down, bolstering domestic demand and anchoring economic growth.

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 has been using religion and human rights as a cover to "slander and smear China's Xinjiang policies and interfere in China's internal affairs again and again", Chinese Foreign Ministry spokesman Geng Shuang said on Tuesday, adding that it is "going further down the wrong path" by holding the panel discussion. He urged the US to cancel the event.

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The USMCA was signed more than a year ago to replace NAFTA, but Democrats controlling the House of Representatives pushed for major changes to labor and environmental enforcement.

The US summit, added Lu, will be an opportunity for Alibaba to remind the US audience of the strength of China e-commerce and it also underpins the company's renewed focus on reaching out to smaller businesses, something that was put on the sidelines when it prioritized growth at home.

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The United States government has also been keen to put its closest allies off cooperating too closely with Huawei, and particularly in the post-Brexit world, relations with Washington are vital for the UK.

The US solar industry employed 10,000 fewer solar workers in 2017 and 8,000 fewer in 2018, which represents two consecutive years that solar employment has dropped after seven years of steady growth, according to the Solar Jobs Census. The Trump administration began mulling the tariffs in the first half of 2017.