US-China trade war escalates

Rising trade conflict: An American flag is flown next to the Chinese national emblem outside the Great Hall of the People in Beijing. In targeting high-tech sectors that Beijing is openly trying to promote, the US has provoked furious rhetoric from Beijing and stronger threats of retaliation than many had anticipated. — AP

Asian markets see red as both countries unveil new tariff lists

PETALING JAYA: The trade war between the world’s two largest economies has moved up a gear after more goods were added to the United States and China’s tariff lists.