US President Donald Trump on Tuesday escalated a growing trade war with China by unveiling new plans to impose 10% tariffs on an additional $200 billion worth of Chinese goods.
The US leader warned that after the new measures are in place - on top of existing 25% tariffs on $50 billion in Chinese imports - tariffs on another $200 billion of Chinese goods would go forward if China increases its tariffs yet again.
Here is a summary of what analysts are saying about the trade war between the world’s two largest economies.
Gavin Friend, Senior Market Strategist, National Australia Bank
Alvin T Tan, Director, Forex Strategy, Societe Generale
Nick Parsons, Head of Research and Strategy, ThomasLloyd
Jeff Chowdhry, LGM Investments