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The US is among a slew of destinations around the globe that Alibaba is aiming to establish a foothold in. Since the start of this year, the company has opened an office in Melbourne, signed pacts for importing Argentina's top agricultural products and vowed to march into Canada through a similar trade fair in September.

The US Senate on Wednesday acquitted President Donald Trump of two articles of impeachment brought by the Democratic-led House of Representatives — abuse of power and obstruction of Congress — ending the third impeachment trial in US history.

The US economy also showed signs of downside risks due to protracted trade tensions. On Sunday, Goldman Sachs lowered its forecast for US economic growth for the fourth quarter, noting the trade tensions' impact on the economy worsened and the odds that trade tensions would result in economic recession were growing.

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The US-based brokerage said 25 more central banks may go in for rate cuts by the end of the second quarter. Most of the G4(US, EU, UK and Japan) central banks have returned to the quantitative easing path.

The US soybean industry suffered from a 25 percent tariff slapped on by Beijing in July in retaliation for US tariffs on Chinese goods, which caused a drop in demand in a year that US farmers produced a large crop in anticipation of strong Chinese demand, according to Jack Scoville, vice-president of the PRICE Futures Group.

The USPS is in financial trouble. It reported a decrease of .8 billion in revenue in 2017 compared to the previous year, a drop driven largely by a decline in regular mail, like letters and postcards.

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The US Federal Aviation Administration (FAA) said it was sticking with its refusal to ground the jet model.

The UNGA president expressed the hope that in the coming year and months ahead, he will "strongly rely on" the member states and their leaders to support him in this regard.

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The US Justice Department unsealed criminal charges Monday against Huawei and its several subsidiaries, as well as Meng herself, alleging the company stole trade secrets, misled banks about its business and violated US sanctions. Canada's Justice Department confirmed later that officials had received a formal extradition request from the US, Canadian Broadcasting Corp reported.

The US underwent on Monday the first session of its 14th WTO Trade Policy Review. It will be continued on Wednesday.