Washington's escalating trade war with Beijing has not "made America great again" and has instead damaged the American economy, China said Sunday, warning that while it wants resolution through talks there will be no compromise on core principles.

The intensifying U.S.-China trade war and rising fuel prices will continue to bog down airline profits this year, the International Air Transport Association said Sunday.

The United States warned China on Saturday against threatening its neighbors' sovereignty and said Washington is investing in new military technology to defend its Asian allies.

Despite pushback from U.S. business, Mexico and Capitol Hill, President Donald Trump is doubling down on his threat to slap a 5% tariff on Mexican imports unless America's southern neighbor cracks down on Central American migrants trying to cross the U.S. border.

U.S. manufacturers said the tariff, set to take effect June 10, would have devastating consequences on them and American consumers. U.S. stocks tumbled on Wall Street in response to Trump's planned action.

Telecommunications giant Huawei is "too close" to the Chinese government, making it difficult to trust the company at the heart of an escalating trade war between Washington and Beijing, the US defence chief said Saturday.

Canada's economy grew 0.4 percent in the first three months of 2019, failing to meet already low expectations, the government reported Friday.

India's economic growth suffered a third straight quarterly fall in the first three months of 2019 to 5.8 percent, according to government figures, throwing up an immediate challenge to Prime Minister Narendra Modi's new administration.

Ratings agency S&P lifted Indonesia's credit rating Friday, citing strong prospects for Southeast Asia's biggest economy after the re-election of president Joko Widodo.

China on Friday accused the United States of repeatedly lying about the effects of the trade war on its economy as Beijing prepares to hike tariffs on American goods ranging from wine to pianos and condoms.

U.S. President Donald Trump repeated his claim on Thursday that China is suffering most in the trade conflict with the United States, saying the punitive tariffs are having a "devastating effect."