China's foreign ministry said on Monday the presidents of China the United States "didn't have a call recently," when asked about Donald Trump saying in an interview with Time magazine that Xi Jinping has called him.

Economic risks are growing as the two sides appear to disagree about whether they are even engaged in tariff negotiations.

China’s role in global trade has shifted significantly. In recent years, on a regional basis, Southeast Asia has surpassed it to become the largest trading partner. This shift has implications for China’s economic strategies and its international relationships,