Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as U.S. President Donald Trump's trade war pushes up costs, up-ends supply chains and stirs concerns about the global economy.

Beijing continues to be willing to endure economic hardship to put pressure on the U.S., even as the Trump administration hints at a more conciliatory approach.

BEIJING (Reuters) - China called for all "unilateral" U.S. tariffs to be cancelled on Thursday, as signs emerged that the Trump administration may de-escalate its trade war with Beijing. China also clarified it has not held trade talks with Washington despite repeated comments from the U.S. government suggesting there had been engagement.