Chinese leader Xi Jinping held court with dozens of the world’s top executives on Friday, as he sought to bolster foreign investment during an escalating trade war with the United States.

President Donald Trump has suggested he could cut the 65 per cent tariff rate on China if Beijing allows a sale of TikTok, but Chinese government advisers are urging caution as they argue “Liberation Day” has confirmed China is now in a “struggle for survival” with America.

Donald Trump’s second trade war is a battle of one against all. Reciprocal tariffs announced on Wednesday by the White House hit China with a hike of 34 percentage points, taking the fresh levies on exports from the People’s Republic up 54 percentage points in the 10 weeks since the U.

As US President Donald Trump laid out tariffs on virtually every one of America's trading partners on Wednesday, he had strong words for Beijing. "I have great respect for President Xi [Jinping] of China,

US President Donald Trump just announced steep tariffs on the country’s major trading partners. Here’s what to know. ‘Reciprocal tariffs’: The US will impose so-called reciprocal tariffs on China of 34 per cent and hit the EU with a levy of 20 per cent.

BBC reporters look at how the latest US import taxes are seen in the EU, China, India, the UK and South Africa.

The move came two days after President Donald Trump imposed the same tariff on all Chinese imports, bringing the total U.S. tariff on Chinese goods to at least 54%.

President Donald Trump's expansive new tariff regime flips on its head a decades-long global trend of lower trade barriers and is likely, economists say, to raise prices for Americans by thousands of dollars each year while sharply slowing the U.