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The US must also meet its financial obligations to the WHO for the current year even if it were to cut ties with the organization next year, wrote the weekly news magazine.

The United States on Monday moved closer to a nationwide lockdown — both government ordered and voluntary — as fear of spreading the coronavirus led state officials to order businesses to close, keeping millions of Americans at home.

The United States has been witnessing a resurgence in COVID-19 cases across the country. On Thursday, its caseload passed the 4 million mark with more than 140,000 deaths, according to a tally by Johns Hopkins University.

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The Turkmen Foreign Minister reminded that the Turkmenistan-Uzbekistan-Kazakhstan-China and the Turkmenistan-Iran gas pipelines were built, and the Turkmenistan-Afghanistan-Iran-Pakistan-India pipeline is under construction in cooperation with the SCO countries, as well as its partners and observers.

The US fell into recession in February, a month before the World Health Organization said COVID-19 was a pandemic, the National Bureau of Economic Research reported.

The US-China trade conflict has created uncertainty in the global economy by prompting customers to postpone investments. But the automation trend and technical improvements will result in double digit growth in the industrial robot market, with an estimate of about 584,000 units shipped in 2022, Tsuda stated.

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The US needs China and China needs the US, and the world needs both, he said. There is opportunity for both countries to share the stage of the world because neither one of them can do as much as they collectively can do, he said.

The UK currently sends 55 percent of its pork exports tariff-free to EU nations, and it remains unclear if and how Brexit will impact this trade.

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The United States passed similar laws and regulations two years ago, he added.

The US in March imposed steel and aluminum tariffs in the name of national security, a move widely regarded as potentially devastating to the global trading system if other countries follow suit by bypassing the World Trade Organization.