Trump has threatened imposition of additional 50 per cent tariff on China if it fails to revoke its 34 per cent retaliatory duties by April 8.
China had imposed the duties in response to the US’s April 2 move, which raised total tariffs on China to 54 per cent.
Bilateral talks will be cancelled if China does not comply.
The standoff signals rising trade tensions with global economic implications.
China had imposed the duties in response to the US’s April 2 move, which raised total tariffs on China to 54 per cent.
Bilateral talks will be cancelled if China does not comply.
The standoff signals rising trade tensions with global economic implications.