China unlikely to back down in face of new tariff threats from Trump, say analysts

US President Donald Trump has said that if China increases its tariffs yet again, the US will meet that action by pursuing additional tariffs on another $200 billion of goods. PHOTO: AFP

WASHINGTON - United States President Donald Trump's threat of additional tariffs on US$200 billion worth of Chinese goods has dramatically raised the risk of a full scale trade war with China.

"If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods," he said in a statement on Monday (June 18) evening.

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