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The US is seen to have "attacked China in areas such as trade, science and technology and people to people exchanges," but both countries need to understand that their development complement and reinforce each other, said Zeng Peiyan, chairman of the China Centre for International Economic Exchanges on Wednesday.

The US retail giant Wal-Mart topped the list. China's State Grid and oil giant Sinopec Corp were second and third, with revenue reaching 5 billion and 8 billion, respectively, in 2016.

The US and Mexico trade about .7 billion in goods daily, according to the US Chamber of Commerce, which said closing the border would be "an unmitigated economic debacle" that would threaten 5 million American jobs.

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The UK has been under pressure from the United States to boycott Huawei due to security concerns. UK mobile operators have historically used a substantial amount of Huawei kit when updating network infrastructure.

The US national security council spokesman Garrett Marquis warned Italy on Twitter against lending "legitimacy to China's infrastructure vanity project".

The United States now has the highest number of confirmed COVID-19 cases worldwide at over 85,000, and its hospitals are rushing to make space for the surge of patients.

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The US central bank warned that the virus continues to pose "considerable risks" to the economy, which after a 4.8 percent contraction in the first three months of the year likely will see an "unprecedented" decline in the second quarter.

The United States is prepared to engage "in a conversation with no preconditions," Pompeo told media during a joint press conference with his Swiss counterpart Ignazio Cassis in Switzerland.

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The US is in a very difficult situation right now because it's a patchwork of states with varying state policies. Some states have reopened their economies quickly before a sustained reduction in the number coronavirus cases, and before having proper testing and contact tracing in place, Yamey said.

The US economy continues to slow, but job creation and consumer spending remain strong despite a global economic slowdown, government statistics show.