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"Governor Newsom presented a new proposal that represents a significant retreat from the State's initial vision and commitment and frustrates the purpose for which Federal funding was awarded," read the letter outlining the case for cancelling the money.

"Financial supports would help small and micro enterprises to better recover their business, amid the global COVID-19 pandemic," said Qiu Yitong, director of the local financial supervisory authority.

"Having been making great sacrifices and great efforts in the fight, China, especially Wuhan, has achieved great results. The international community has also commended the Republic of Korea (ROK)'s efforts in making important progress in combating COVID-19," Xing said in his signed article to the ROK's daily English newspaper "The Korea Times."

"From a research perspective, the US has benefitted from globalization in the past 20 years," Wang said. "Thanks to its imports of consumer products at low prices, the US did not suffer from imported inflation for a long time. However, by threatening to impose higher tariffs on imports from multiple countries, the US could have the opportunity to renegotiate trade agreements with these countries and gain greater benefits."

"For example, sales of instant noodles slowed in the past years. So, some companies invested in innovation and revitalized their product portfolio. They launched high-end versions to meet consumers' needs. That should explain why high-end instant noodles saw faster growth, while sales of low-end versions didn't grow as fast."