China has warned countries against striking trade deals with the United States at Beijing’s expense, ratcheting up its rhetoric in a spiralling trade war between the world’s two biggest economies. Responding to reports suggesting that US President Donald Trump’s administration is pressuring other countries to isolate China, a spokesperson for China’s Ministry of Commerce said on Monday that Beijing “will take countermeasures in a resolute and reciprocal manner”...

US stocks and the dollar have dropped sharply as United States President Donald Trump’s attacks on the chief of the US central bank shake investors’ confidence in the world’s top economy. The benchmark S&P 500 fell 2.36 percent on Monday, one of the steepest one-day declines of the year. The tech-heavy Nasdaq Composite tumbled 2.55 percent, dragging the index down nearly 18 percent from its position at the...