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The US' ban on ZTE caused market worries about the trade and investment environment, a spokesman from the Ministry of Commerce (MOC) said.

The US president also reiterated the offer he made at a post-summit news conference on Tuesday that the US would stop military exercises with South Korea while the DPRK negotiated on denuclearization.

The US side said that the US-China economic and trade cooperation has been a stabilizing force for bilateral relations for a long time, and the US business circle has been a firm supporter for US-China relations.

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The US-China trade war became a focus of "Chinese Investment in the US: The Path Forward", a conference hosted by China General Chamber of Commerce-USA (CGCC), which gathered experts, business leaders and government officials in Houston on Wednesday.

The US Chamber of Commerce, the largest business group in the country, also strongly opposed the Trump administration's threat to impose tariffs on auto imports in the name of national security.

The United Nations said on Monday it "stands ready to work with the authorities in the affected countries as they respond to the humanitarian needs resulting from this ongoing monsoon season".

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The United Nations Conference on Trade and Development reported in 2008 and 2010 that, even as the financial crisis affected global trade, with a contraction of 12 percent in international trade, export in creative goods continued to grow.

The US announced on June 19 it would pull out of the Geneva-based United Nations Human Rights Council.

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The US State Department on April 26 confirmed that Trump will pay a working visit to Britain on July 13. The visit would start after Trump attended the NATO summit slated for July 11-12 in Brussels.

The US then followed with the announcement of the imposition of 10 to 25 percent tariffs on 0 billion of Chinese goods, which included everyday household items such as seafood, furniture and bicycles. In response, China threatened to slap duties on billion of US imports.