China US Trade Spat

The mood in markets soured after the US Senate angered China by passing a bill requiring annual certification of Hong Kong's autonomy and warning Beijing against suppressing protesters

Many experts also decry China's decision to fight fire with fire, by imposing tariffs on US goods imported into China, also without the WTO's approval

The two countries are in the midst of a year-long trade dispute which has seen them slap tariffs on each other's goods

China will "significantly lower car import tariffs" and "sincerely hopes to boost imports," Xi said