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The United States will lose tens of thousands of job opportunities, while hundreds of related US enterprises will also be affected, he said.

The US Federal Reserve raised the benchmark interest rate three times this year, putting pressure on the yuan. While China's central bank refrained from following suit, its open market operations saw interest rates go up in response, mitigating the impact of the Fed hikes.

The UN Security Council also said recently that it would make humanitarian exemptions to sanctions on the DPRK to help it fight the novel coronavirus.

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The US-China trade tensions, and the debate in the US about immigration policies, will likely push some Chinese students to move to Canada and Australia from the US, according to Law of Juwai.

The United Kingdom government department responsible for strengthening business competition and preventing anti-competitive activities has blocked 21st Century Fox's plan to buy the part of Sky it does not already own.

The US first announced the tariffs on March 1 after a US Commerce Department investigation under Section 232 of US Trade Expansion Act of 1962 found the imports threatening to US national security.

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The US-China trade dispute will also have a huge impact on the shipbuilding industry, said Ren, as a decrease in trade volume will dampen demand.

The UK relies heavily on Huawei for much of its existing telecommunications infrastructure. The Department of Culture, Media and Sport, or DCMS, estimates that 44 percent of equipment in fixed access networks and 35 percent of equipment in 4G mobile access networks was sourced from the Chinese company.

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The US three-year treasury note yield surpassed its five-year note on Monday. The inverted yield curve caught investors' attention because historical statistics showed that when short-term yields trade above longer-term rates a recession could follow.

The UK city of Bradford is to open a film office in Qingdao, China, as part of a developing relationship between the countries' film industries.