The impact of the trade war between the U.S. and China is being felt on both sides of the Pacific. Businesses, large and small, have been forced to halt production and cancel orders as Trump's tariffs go into effect.

President Donald Trump said he was reluctant to continue ratcheting up tariffs on China because it could stall trade between the two countries, and insisted Beijing had repeatedly reached out in a bid to broker a deal.

China appointed a new top international trade negotiator on Wednesday amid tariff tensions with the U.S. The government said that Li Chenggang has been appointed to replace Wang Shouwen, who participated in the trade negotiations for the 2020 trade deal between the China and the U.

Beijing has responded tit for tat in Donald Trump's trade war. In reaction to the steep tariffs, numerous restrictions, and additional fees, China has halted imports of liquefied natural gas (LNG) from the United States.