Chinese e-commerce giant Alibaba reported strong earnings and sales, lifting its market value closer to Amazon's. Alibaba is benefiting from both solid demand from consumers and businesses who host their sites with Alibaba.
Embattled White House chief strategist Steve Bannon declared in an interview published Wednesday that the US is at "economic war with China," promised aggressive trade actions against Beijing and said he is "fighting" other top White House aides "every day."
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