The major U.S. stock indexes dropped sharply just minutes into Friday trading as President Donald Trump's historic tariffs announcement — and fresh retaliatory duties imposed by China — sent further shockwaves through the global economy.

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#china #tariffs #trump

US President Joe Biden and Chinese President Xi Jinping are to meet on Wednesday in the San Francisco Bay area.

The encounter will be only their second face-to-face meeting during the Biden presidency.

Trade, technology, the Israel-Gaza war and Taiwan are among the issues likely to be on the agenda.

Relations between the two countries deteriorated earlier this year.

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#china #us BBCNews