U.S. President Donald Trump's comment on "unification" was about the U.S.-China trade relationship and U.S. policy towards Taiwan has not changed, the de facto embassy on the island said on Tuesday, after the wording caused unease in Taipei.

A day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate, China is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war.

While the White House backed off from its steepest levies on Chinese goods, economists say it’s still too early to declare the US economy is out of danger altogether. Recession risks remain, even if the odds of a downturn have been dialed back a notch.