It is yet another sign of raging trade war as the US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports.
It is said that he could well make the announcement in the coming days.
The US media is more or less sure on the news piece that is going to have ramifications on international trade.
Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum as well as 25 percent on $50 billion in goods from China.
The prospect of new tariffs undercuts hopes of an imminent reduction in trade tensions between Washington and Beijing.
This comes as on Thursday itself, China had welcomed a US offer to hold fresh trade talks.>