Trump threatens $100bn more tariffs against China

Apr 06, 2018, 7:57 AM EDT
Markets brace for more uncertainty after U.S. President Donald Trump's comments.
(Source: Michael Vadon/flickr)

The trade battle between the U.S. and China shows no signs of easing as U.S. President Donald Trump threatened additional $100 billion of tariffs against Beijing on Thursday.

Referring to new Chinese tariffs on 106 U.S. products, Trump accused Beijing of “unfair retaliation,” as he instructed trade officials to consider a plan to protect U.S. farmers and agricultural interests, notes the BBC.

Trump’s comments spurred a sharp fall in the U.S. stock futures in an after-market trading amid fears of more uncertainty ahead, writes CNBC.