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The US, Japan, Italy, France and Germany were the top exporters of the waste, according to a report published in 2016 by the Chinese Academy of International Trade and Economic Cooperation.

The US administration's recent actions against short video-sharing app TikTok, which is owned by Chinese company ByteDance, the tightening regulatory scrutiny of Chinese companies listed in the US, and some news of individual companies delisting from the US stock market, have all boosted discussions on the reported US initiative to decouple from China in the financial services sector.

The US adopted DST during World War I, and in the ensuing years, President Franklin D. Roosevelt implemented year-round DST during World War II. In 1966, President Lyndon Johnson signed the Uniform Time Act that allowed states and territories to opt out of DST.

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The US International Trade Commission (ITC), another US trade authority, is scheduled to make its preliminary inquiry determinations around July 17.

The US has been shifting blame by using China as an excuse on issues including the INF Treaty and hyping up the so-called China missile threat in disregard of the facts, Hua said.

The US decision to impose a 25-percent and 10-percent tariff on steel and aluminum imports respectively will "likely lead other countries to follow a similar strategy in other industries and that would be very bad for the global economy," he said.

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The US airplane maker said it is working closely with US federal regulators on the process they have laid out to certify the 737 MAX software update.

The US stock market also has relatively lower compliance requirements, but stresses that issuers should fully disclose risks, and investors should make their own judgment, said Jiang Zhihui and Sun Haotian, partners of the law firm King & Wood Mallesons, in a research report.

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The US head office of TikTok is shown in Culver City, California, US, on Sept 15, 2020. [Photo/Agencies]

The US government on the same day also made a preliminary determination that aluminum sheet imports from China are being subsidized.