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The United Nations in China hosted a commemorative event on Tuesday to mark the International Day for South-South Cooperation. [Photo by Zhang Yunbi / China Daily]

The US-China Business Council said it is pleased that the US and China reached "a tentative phase-one trade agreement" on Friday, accompanied by a suspension of the prospective US tariff increase that had been set for Tuesday.

The US think tank Trade Partnership estimates that if the US imposes 25 per cent additional tariffs on all imported Chinese goods, US GDP will decrease by 1.01 per cent, at a cost of 2.16 million job losses and an additional annual burden of ,294 for a family of four.

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The US electric car maker aimed to achieve a capacity of 150,000 units per year in the Gigafactory 3 plant to produce the second-generation of Model 3 vehicles that are more cost-effective. The Shanghai plant will host the production of both Model 3 and Model Y cars.

The United Nations Command, the ROK and the DPRK military officers attend a meeting in Panmunjom inside the Demilitarized Zone, the ROK, Oct 16, 2018.[Photo/VCG]

The US Office of the Trade Representative in Washington concluded public hearings last week on a proposed 25 percent tariff on 0 billion worth of Chinese goods, including artwork and related items.

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The United States will leave the WHO on July 6, 2021, and currently it owes the organization more than 200 million US dollars in assessed contributions, according to the WHO website.

The U.S. Department of Energy welcomed the new order.

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The US now has the most COVID-19 cases of any country with some 838,000 infected and at least 46,000 dead as of Wednesday, according to data from Johns Hopkins University.

The UBG211 flight was en route to Kathmandu from Dhaka, Bangladesh. The aircraft, with 71 people onboard including four crew members, caught fire when it narrowly escaped from hitting the tail of a Thai Airways plane parked at the airport.