Global tax reforms aimed at taxing billionaires and multinational corporations have stalled, with the US under President Donald Trump blocking the reforms, reports say.

The US capital, Washington, DC, is in extreme socio-economic turmoil as a result of returning President Donald Trump's sweeping changes.

President Xi Jinping has said China stands united with Malaysia and other Asian countries against geopolitical confrontation, protectionism, and unilateralism which endanger the global order.

Trump says the tariff exemption for the tech industry is temporary, and promises a nationwide investigation into electronics sector.

The Trump administration is reportedly set to classify more than 6,000 living migrants as dead, cancelling their social security numbers in order to make them unable to work, and ultimately get them to leave the country.

China has announced that it will raise tariffs on goods imported from the US from 84% to 125% hours after Chinese President, Xi Jinping, warned there were “no winners in a tariff war, and going against the world will isolate oneself”.

The Trump imposed tariffs and budget cuts have led to protests in front of Congress, with speakers expressing concerns about the disproportionate impact on lower and middle-class Americans.