China issues travel warning for tourists going to the US

The European Union Mexico and Canada have all the hit U.S. with billions in retaliatory tariffs

Unsurprisingly, the administration has cited national security concerns to back its decision - the same concerns the administration cites when denying the acquisition of USA technology-related companies by Chinese enterprises.

Asia was bereft of the usual leads as the US markets were closed on Wednesday for the Independence Day holiday.

U.S. stock futures were marginally firmer, pointing to a higher open for Wall Street later in the day. Tabloid newspaper Global Times, which is owned by the Communist Party mouthpiece People's Daily, said the escalating trade dispute would create chaos around the world.

As the world's most powerful economy, the United States plays a vital role in global economic and trade rule-setting and it is always able to find seemingly plausible reasons for its initiative targeting China.

On July 6, tariffs on United States dollars 34 billion worth of imports will take effect, and Beijing has promised to retaliate in kind.

The United States was losing its reputation as a trusted trade partner, the Russian delegate told the meeting, adding that the United States could soon start an investigation into the case for import tariffs on uranium products.

A Reuters analysis found just 1% of the 1,102 categories of products imported from China to the US are consumer goods.

Ties between the two neighbors and long-time allies have been strained by U.S. President Donald Trump's decision to impose tariffs on U.S. imports of steel and aluminum on national security grounds.

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The euro was off by 0.1 percent at $1.16450 EUR= while the dollar was good for 110.52 yen JPY=, down 0.1 percent.

In the currency market, the yuan bounced back from an 11-month low following moves by China's central bank on Tuesday to calm jittery financial markets.

The MSCI All-Country World index.MIWD00000PUS, which tracks shares in 47 countries, was lower by less than 0.1 percent on the day, recovering slightly from a 0.2 percent fall earlier.

The dollar was almost flat at 110.420 yen, trapped in a narrow range the previous day due to the USA holiday, awaiting the minutes from the June Federal Reserve policy meeting due later in the day for immediate cues.

The pan-European STOXX 600 index was last down 0.1 percent, see-sawing from positive to negative territory during the day.

Worldwide benchmark Brent futures LCOc1 rose 0.1 percent to $77.84 a barrel.

Brent had risen on Wednesday on a threat from an Iranian commander and a drop in USA crude inventories.

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