US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world and harsh extra duties on key trading partners.

China has urged the United States to immediately cancel unilateral tariff measures and properly resolve differences with trading partners through equal dialogue, the commerce ministry said on Thursday.

President Donald Trump imposed 54% tariffs on all Chinese imports into the United States Wednesday as part of his sweeping “Liberation Day” reset of American trade global policy.

Regulators in Beijing have been told in recent weeks to hold back on granting approvals for Chinese companies wishing to invest in the US, Bloomberg News reported.

Authorities in China are taking steps to block some of the country’s companies from investing in the U.S., Bloomberg reported Wednesday, citing unidentified people familiar with the situation. A proac

China has taken steps to restrict local companies from investing in the United States, a move that could provide Beijing with greater leverage in potential trade negotiations with President Donald Trump’s administration,

The Chinese military staged a second day of exercises around Taiwan on Wednesday, launching live-fire strikes in the East China Sea and practicing blockade operations near crucial shipping lanes to the east and west of the island.

The United States doubled down on its decades-old support for Taiwan as China flexed its muscles with a second day of large-scale military exercises around Taiwan, including live-fire drills.

China has conducted military drills around Taiwan for a second day focusing on the Taiwan Strait separating the self-governing island democracy from China that is a crucial conduit for international t