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"HSI's worksite enforcement efforts are equally focused on aliens who unlawfully seek work in the US as well as the employers who knowingly hire them," Jere Miles, special agent in charge of the New Orleans office, said in a statement. "The execution of federal search warrants was about enforcing the rule of law in our state and throughout the country."

"For the procurement system in China, we are requesting the Chinese government to give Indian drug companies access. We are very hopeful that Indian generic drugs will have a bigger market in China, at a more affordable price," he added.

"Foreign automakers generally have strong technology reserves and powerful brand influence, providing them with substantial strength. We have to be alert to (a potential) market crisis even in times of calm," Chen said.

"From a negotiation perspective, it's a powerful tool. From a market perspective, it leads to increased uncertainty. In the near-term, we would expect to see volatility in markets as they attempt to price in the net impact of tariffs," said Michael Olivia, a financial planner with Westpac Wealth Partners.

"Having said that, at the business level, our own relationships with our counterparts and clients in China continues to be very strong. It is not impacted at that level, but obviously there's an overriding political relationship that makes things difficult," he said.