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"Canada, Mexico, the EU and China have already retaliated — or announced plans to retaliate — with billions of dollars in tariffs on US-made products," the US Chamber said, adding that approximately billion worth of US exports will be subject to retaliatory tariffs as of this week.

"But we need to maximize opportunities and minimize challenges by tackling anti-globalization forces to accelerate growth," he added.

"China as a world-leading economy and the UK's fifth-largest trading partner is an important market for British companies as we look to build independent trading relationships across the world," Fox said. "As an international economic department, we want 2018 to be the year of exporting, with businesses across the UK seizing the opportunities that the world provides."

"China helps with the construction of infrastructures and provides training for Arabs, while importing oil, gas, minerals, and raw materials from the Arab world," Bourji said.

"Carbon capture and storage technology will definitely help solve notorious pollution issues, whereas enhanced oil recovery for commercial purposes is more of a byproduct rather than the main purpose," Li said.