US President Donald Trump has imposed an additional 145% tariffs on all Chinese imports despite pausing his reciprocal levies on all other countries.

US President Donald Trump announced his second round of tariff war, which he described as a declaration of economic independence for the United States and a Liberation day for it.

The trade war launched by US President Donald Trump reached a new level on March 4, as Canada, Mexico and China retaliated against Washington’s punitive tariffs.

The EU's 27 member states remain divided between a defensive stance to escape a trade dispute with the Trump administration, or a more offensive approach that leans toward possible retaliatory measures.

By promising to prioritize an ‘America First’ policy, Trump’s new administration is expected to take the trade war with China to a new level, imposing tariffs on hundreds of billions of dollars worth of goods.