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Combined revenue of the sector's major companies, whose annual revenue was five million yuan (3,500) or above, reached 4.22 trillion yuan during the January-June period, up 9.9 percent year-on-year, according to the National Bureau of Statistics (NBS).

Concerns over the Trump administration's protectionist mindset are nothing new. Scott Lincicome, an adjunct scholar at the Cato Institute and an international trade attorney, wrote an analysis last August digging into the long history of US protectionist failures.

Colombini warned that the trade dispute will "hurt apple growers' ability to maintain and expand this emerging market," according to a press release of USApple.

Concerns have been raised in the US about what the two presidents discussed at their meeting.

Conflicting signals from the Trump administration over proposed restrictions on foreign investment in US technology companies, along with news about recently imposed import tariffs, triggered a slide in global stock markets on Monday.