The trade dispute between the United States and China has intensified, with accusations flying and markets reacting. As both nations grapple with the fallout, the global economic landscape hangs in the balance.

China has accused the United States of “provoking new economic and trade frictions” as it responded to US President Donald Trump’s claims that Beijing had violated a trade truce agreed by the two nations last month,

China has pushed back against President Trump’s accusation that it broke a trade truce reached weeks earlier, as a re-escalation of tensions dims hopes of a resolution. Beijing has acted responsibly and upheld the consensus reached at the economic and trade talks in Geneva,