US President Donald Trump said he could impose 10% tariffs on Chinese goods from February 1. China's stock markets fell after Trump's comments, breaking several straight days of gains. Trump had said he could slap tariffs of 25% on Canada and Mexico from February 1.

US President Donald Trump has relaunched the trade war with China, by threatening to impose a 10 per cent duty on imports from Beijing, AFP reported. In his second term, Donald Trump has hinted of imposing a 10% tariff on imports of Chinese-made goods from February 1.

BEIJING – China vowed on Jan 22 to defend its “national interests” against tariff threats from US President Donald Trump, who warned he could impose a 10 per cent duty on imports from the country by the end of next week.

Markets were cautiously optmistic after Trump took a lighter approach to China on Monday. That sentiment lasted a day.

Most Asian markets extended a global rally Wednesday as investors gave a cautious welcome to Donald Trump's first full day in office amid hopes he will take a more cautious approach on trade than initially feared.

On the campaign trail, Mr Trump promised a 10 per cent to 20 per cent charge on all imported goods and 60 per cent on Chinese products. He also vowed a 25 per cent tariff on all products from Canada and Mexico, and an additional 10 per cent duty on Chinese goods.

The US president said he was going to target the European Union and China with increased tariffs on Tuesday. China and Europe said they were ready to negotiate with Trump, warning they would 'protect' their interests.

US President Donald Trump stated that he was considering imposing a 10 per cent tariff on all imports from China