China's tariff retaliation to Trump's trade war sends markets crashing, sparking recession fears. Understand the impact on investments and the global economy.

The pyrotechnics industry relies heavily on Chinese fireworks imports and warns that this could be the last big bang Fourth of July.

Chinese vice president Han Zheng warned, in an apparent jab at Donald Trump, that tariff and trade wars would have no winners even as Beijing and Washington stepped up efforts to resolve their disputes. Addressing the World Peace Forum in Beijing, Mr Han said the multilateral trade system was key to avoiding disruptions in global supply chains.