China has accused the United States of “provoking new economic and trade frictions” as it responded to US President Donald Trump’s claims that Beijing had violated a trade truce agreed by the two nations last month,

China added fuel to simmering trade tensions with the US, setting investors on guard as they turned the page on a bullish May.

Wall Street closed out trading higher on Monday despite escalating trade tension concerns between the United States and China. Market participants now shift their attention towards a busy week of key macroeconomic data that could shape the outlook for interest rates and economic growth.