President Donald Trump today claimed that America has rebuilt China which has been taking out USD 500 billion a year from the US, a day after he threatened to impose tariffs on an additional USD 200 billion worth of Chinese goods, escalating a trade war between the world's two largest economies. SEE MORE A deepening global trade war is failing to stir gold investors, despite the metal’s reputation as a venerable haven asset. SEE MORE Oil prices steadied on Friday as an escalating trade dispute between the United States and other major economies cast doubt on future demand growth, but markets stayed tight due to supply disruptions and looming U.S. sanctions against Iran. SEE MORE China’s yuan will head in time to its weakest since 2008, and the country’s stock slump also has further to go, according to the veteran global economist George Magnus. SEE MORE Asia’s naphtha prices have slumped on ample supply, as have spot premiums, with deep-sea cargo flows from the west set to rise, according to traders. SEE MORE