A yearlong trade war between the United States and China is proving to be an initial skirmish in an economic conflict that may persist for decades, as both countries battle for global dominance, stature and wealth.

BRITAIN'S economy scored a Brexit boost May 10 as figures showed exports racing ahead, rising growth and the highest quarterly pick-up in manufacturing since the 1980s. The statistics showed UK exports reached a record high of £640billion in the last financial year.

Vietnam pledged to create favourable conditions for US companies to invest in and do business efficiently and successfully in Vietnam, Deputy Prime Minister Trinh Dinh Dung said.

Small- and medium–sized enterprises (SMEs) are advised to identify their difficulties in the context of rapid international integration in order to develop in a sustainable manner, heard a forum held in Hanoi on May 9.

Malaysia's Ministry of International Trade and Industry (MITI) has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating or exported from China, the Republic of Korea (RoK) and Vietnam.

Chinese consumers for the first time last year bought more Cadillacs than Americans did, helping drive profits at General Motors. And though the designs for those Cadillacs may have been drafted in Detroit, nearly all of the luxury automobiles were assembled in China by some of GM’s nearly 60,000 local workers.

The U.S. pushed Japan for a quick agreement on a bilateral trade deal, with the lead negotiators speaking Friday by phone, according to sources close to the Japanese government.

The WTO released on 9 May an updated set of profiles for 64 WTO members, revealing the share of domestic and foreign components in the exports of these economies and their participation in global value chains (GVCs). The profiles also shed light on the contribution of the services sector to trade and the value of trade in intermediate products for each of the economies covered by the profiles.

The United States has escalated its trade war with China, hiking tariffs on $200 billion worth of Chinese exports hours after trade talks held in Washington failed to produce a breakthrough.

European commission warns of ‘major shock’ and slashes growth forecast for the union