China suspended on Tuesday the soybean import licenses of three U.S. firms and halted imports of U.S. logs, stepping up retaliatory action after the United States imposed additional tariffs on Chinese goods.

China has responded to the 20% tariffs on all Chinese imports by President Trump, warning that it will "fight till the end" against any trade war with the US

Chinese leaders are gathering in Beijing for their annual confab and, despite the slowing economy and an escalating trade war, they are projecting confidence.