Official PMI remains below 50, with ‘persistently high uncertainty’ in global trade tipped to weigh on growth outlook in both US and China.

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

US President Donald Trump intensified trade tensions with China by abandoning his 'Mr. Nice Guy' approach, accusing China of violating trade agreements. Despite recent tariff adjustments and talks with President Xi Jinping,

US-China tech tensions are flaring again, with Beijing threatening legal action against anyone enforcing Washington’s restrictions on Huawei Technologies Co.’s chips, casting a shadow over a recent trade truce and efforts to sustain dialogue.

JP Morgan Chase CEO Jamie Dimon urged the U.S. to prioritize internal improvements over fixating on China as an adversary. He emphasized that America's challenges lie within its borders, calling for reforms in various sectors to unlock economic growth.

China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.

Gold declined and the dollar advanced as traders assessed US data on consumer spending, the flow of imports and renewed trade tensions between America and China. Most Read from BloombergNYC Congestion Toll Brings In $216 Million in First Four MonthsNow With Colorful Blocks,

Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,