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.

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.

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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.

President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies.

President Donald Trump said from the White House that he's looking at a 10% tariff on imports from China. He pushed Xi Jinping crack down on fentanyl.

President Donald Trump signaled early plans to use tariffs on imported goods as a key weapon in relations with the United States’ three top trading partners, saying the first new taxes on foreign products could be announced Feb.

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

The president has also threatened to impose across-the-board tariffs on Chinese goods. Since higher costs for imports get passed on to consumers, Trump’s tariff threats have sparked concerns of higher prices on everything from smartphones, computers, toys and video game consoles to furniture, clothing and home appliances.

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